If both the demand and supply curves for computers shift to the right, the price of computers may rise, fall, or remain unchanged
a. True
b. False
A
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Which of the following is not an example of a price index computed by the Bureau of Labor Statistics?
a. the Los Angeles price index b. the energy price index c. the producer price index d. the stock price index
Initially the two vendors set up at the ¼ -mile mark and the ¾-mile mark in order for each to minimize its transportation costs. Eventually they both locate at the ½-mile mark. Which of the following statements is true?
a. Both vendors raised their transportation costs by moving to the center.
b. The initial setup is the Nash equilibrium.
c. The initial setup is a stable equilibrium.
d. Vendor A lowered its transportation costs by moving to the center.
Firms
A) have no influence on the circular flow in a market economy. B) purchase resources in the product market. C) sell goods in the product market. D) sell resources in the factor market.
Borrowers who use "exotic" mortgages when purchasing a home must expect
A. Congress will act to make everything "turn out in the end." B. their income to increase. C. the value of the home to increase. D. an increase in the value of the home and their income.