Individual supply curves generally slope ________ because ________.
A. downward; sellers become more efficient with practice.
B. downward; inputs are cheaper when purchased in high volume.
C. upward; profits increase with quantity.
D. upward; of increasing opportunity costs.
Answer: D
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Refer to the scenario above. This is an example of ________
A) a mixed strategy game B) an ultimatum game C) a symmetric game D) a prisoners' dilemma game
When the economy swings back toward the boom part of a business cycle which of the following will generally not occur?
A. Labor demand will increase. B. Cyclical unemployment will decrease. C. Actual wages will approach the market-clearing level. D. Labor supply will decrease.
The difference between the spot contract and forward contract is that:
A) the spot contract has a fixed price on the currency, and the forward contract has a flexible price B) the spot contract is a contract to be settled immediately, and the forward contract is a contract to be settled at a future agreed upon date. C) the spot contract is a derivative, and the forward contract is not a derivative. D) the spot contract has fixed price but the contract can be settled at a later date, the forward contract is a contract to be settled immediately.
The demand for money is based on
A. the transactions demand, asset demand, and precautionary demand. B. the demand for cash, demand for securities, and the demand for real estate. C. a demand for liquidity and wealth. D. the demand for consumption, demand for investment, and demand by government.