Assume that both the demand curve and the supply curve for DVD players shift to the left but the demand curve shifts more than the supply curve. As a result
A) both the equilibrium price and quantity of DVD players will decrease.
B) the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease.
C) the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will decrease.
D) the equilibrium price of DVD players will increase; the equilibrium quantity may increase or decrease.
Answer: A
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The legally established value of a country's monetary unit in terms of another under the Bretton Woods system was called the
A) exchange rate. B) dirty float. C) special draw. D) par value.
Discretionary spending involves public expenditures that:
A. have to be approved each year. B. are planned in the federal budget and do not need annual approval. C. are mandated and regulated by permanent laws. D. "entitle" people to benefits by virtue of age, income, or some other factor.
Queuing means
A. waiting in line. B. favoring customers. C. issuing ration coupons. D. price rationing.
If the risk associated with the business of a company rises, then its stock price will rise.
Answer the following statement true (T) or false (F)