As the price of good Z falls, the quantity demanded of good Z rises, but the quantity supplied of good Z does not change. Based upon this information we can conclude that the demand curve for good Z is ________________ and the supply curve for good Z is ________________
A) downward sloping; upward sloping
B) upward sloping; downward sloping
C) upward sloping; vertical
D) downward sloping; vertical
E) vertical; downward sloping
D
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Suppose that at the beginning of a loan contract, the real interest rate is 4% and expected inflation is currently 6%. If actual inflation turns out to be 7% over the loan contract period, then
A) lenders gain 1% of the loan value. B) borrowers lose 3% of the loan value. C) lenders gain 3% of the loan value. D) borrowers gain 1% of the loan value.
What makes a technology "inappropriate"? Why might it be used anyway?
What will be an ideal response?
The acronym NAVPS in the mutual fund table denotes:
a. the percentage change in the asset value of the mutual fund from the close of the previous day's trading. b. the highest and lowest values that the mutual fund has experienced over the last one year. c. the highest asset value at which the fund was sold during the past week. d. the percentage change in the asset value of the mutual fund from the previous week. e. the value of the mutual fund divided by the number of shares of the fund.
The production of 1,000 shirts leaves an apparel manufacturer with a capacity to produce no more than 1,100 trousers during a month. This implies:
a. the production level is inefficient. b. that if the production of trousers is reduced, that of shirts will also decline. c. that a reallocation of resources may make previously unachievable outcomes achievable. d. the production level is efficient.