Assuming all else equal, if households are pessimistic about their future income, it is likely to cause a(n):
A) upward movement along their credit demand curve.
B) rightward shift of their credit demand curve.
C) downward movement along their credit demand curve.
D) leftward shift of their credit demand curve.
D
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Which of the following statements best reflects a price-taking firm?
a. If the firm were to charge more than the going price, it would sell none of its goods. b. The firm has an incentive to charge less than the market price to earn higher revenue. c. The firm can sell only a limited amount of output at the market price before the market price will fall. d. Price-taking firms maximize profits by charging a price above marginal cost.
According to the IGM poll, what percentage of economists polled agreed that the benefits of ARRA exceeded the costs?
a. 75% b. 19% c. 6% d. 97%
Since 1948, the history of real wage rates generally shows that
A. prices and wages have risen at the same rate. B. prices have risen at a slower rate than wages. C. prices have risen faster than wages. D. real wages have remained constant over the period.
In a perfectly competitive market, individual consumers have _____.
(A) Less influence than producers concerning prices. (B) No influence over determining price. (C) More influence than producers concerning prices. (D) More influence than consumers in other market structures.