Quantity restrictions become more valuable to those holding the rights to sell the good when:
A. supply decreases.
B. supply increases.
C. demand decreases.
D. demand increases.
Answer: D
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A curve that shows all the combinations of two inputs, such as labor and capital, that will produce the same level of output is called
A) a budget line. B) an isocost line C) an isoquant. D) an optimal input combination curve.
In the face of the 2007-2009 recession, the President, Congress, and the Fed
a. decided to rely on the self-correcting mechanism of the economy to eliminate inflation. b. decided to rely on the self-correcting mechanism of the economy to reduce unemployment. c. pursued an active policy to balance the budget and fight inflation. d. pursued an active policy to expand aggregate demand.
The collapse of the subprime mortgage market
A) did not affect the corporate bond market. B) increased the perceived riskiness of Treasury securities. C) reduced the Baa-Aaa spread. D) increased the Baa-Aaa spread.
The most likely source of investment funds for a proprietorship is
A. sales of bonds. B. sales of stocks. C. the personal funds of the owner. D. loans from banks.