Refer to Scenario 7.2. This production function is an example of which of the following types of production functions?
A) Cobb-Douglas
B) Leontief
C) Fixed proportions
D) Lagrange
E) none of the above
A
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A price floor in an agricultural market is called
A) an agricultural floor. B) a farm support. C) a price support. D) a farm subsidy. E) a farm support price.
A wholesale flower market is an example of ________
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly
The figure above shows Sam's budget line. Which of the following equals the slope of Sam's budget line?
A) Y/Pc B) Y/Pg C) (Pc/Pg) D) (Pg/Pc)
When the Treasury bond market becomes less liquid, other things equal, the demand curve for corporate bonds shifts to the ________ and the demand curve for Treasury bonds shifts to the ________
A) right; right B) right; left C) left; right D) left; left