An increase in the equilibrium price for a product will result
A) when the quantity of the product demanded exceeds the quantity supplied.
B) when there is a decrease in supply and an increase in demand for the product.
C) when there is a decrease in supply and a decrease in demand for the product.
D) when there is an increase in demand and an increase in the number of firms producing the product.
Answer: B
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There is evidence that the presence of unions in a labor market:
A. can push wages up for non-union wage earners in the same market. B. can keep wages low for non-union wage earners in the same market. C. has no effect on the wages of non-union wage earners in the same market. D. has an identical effect on the wages of union and non-union wage earners in the same market.
Public companies ________ and private companies ________
A) sell stock in financial markets; also sell stock in financial markets B) sell stock in financial markets; do not sell stock in financial markets C) do not sell stock in financial markets; also do not sell stock in financial markets D) do not sell stock in financial markets; sell stock in financial markets
Suppose coal sells for $50 per ton and can be mined at a constant marginal cost of $20 per ton. Forecasters predict that the price of coal next year will be $55. If your marginal cost next year will still be $20 and the interest rate is 10%, do you sell coal today?
What will be an ideal response?
You have just noticed that the dollar appreciated and you suspect that U.S. policymakers were behind this change. Which would you choose as the most likely cause of this appreciation in the real exchange rate?
A) An increase in the money supply B) A decrease in the money supply C) A temporary increase in government purchases D) A temporary decrease in taxes