In a market system, the most dangerous types of bankruptcies involve
A. industrial monopolies.
B. multinational firms.
C. employment agencies.
D. financial institutions.
Answer: D
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If the money supply is held constant, an increase in the velocity of money would cause the AD curve to
A. shift inward. B. shift outward. C. become steeper. D. become flatter.
Which of the following would most likely be the result if the government imposed regulations on monopolistically competitive firms?
a. The firms would take a loss. b. The firms would increase their profits. c. More firms would enter the market. d. More firms would expand production.
Figure 3.4 illustrates the demand for tacos. Assume that tacos are inferior goods. An increase in income would bring about a movement from:
A. point a to point b. B. point c to point b. C. D2 to D1. D. D0 to D1.
The successor organization to GATT that handles trade disputes among its member nations is the
A. North American Free Trade Agreement. B. European Union. C. General Agreement on Tariffs and Trade. D. World Trade Organization.