A decrease in households' disposable income ________ saving supply, and the supply of loanable funds curve ________
A) increases; shifts rightward
B) decreases; shifts leftward
C) increases; shifts leftward
D) does not change; does not shift
E) decreases; shifts rightward
B
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If a country is subject to increasing opportunity costs, its national supply curve (i.e. the locus of national output levels of S at various relative prices of S) will have a ________ slope
A) flat B) positive C) negative D) bowed out
Antitrust enforcement of vertical relationships is generally focused on
a. The dominant firm using horizontal contracts to extend market power to other levels of the supply chain b. Vertical contracts reducing the intensity of competition c. Vertical contracts that help consumers d. All of the above
Which of the following does not contribute to an improved standard of living?
a. Increases in the amount and quality of available resources b. Better technology c. Higher prices for the necessities of life d. Improvements in the "rules of the game" e. Increases in the quality of labor
Recall the Application about the effect of global warming on economic growth to answer the following question(s). According to this Application, a one degree Celsius rise in temperature:
A. increases poor countries' exports. B. decreases poor countries' exports. C. increases rich countries' exports. D. decreases all countries' exports.