Which of the following is true?
A) The supply of credit and labor demand are positively correlated.
B) The supply of credit and the quantity of real output are unrelated.
C) The supply of credit and the quantity of real output are positively correlated.
D) The supply of credit and labor demand are negatively correlated.
C
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Nick consumes two goods, chips and lemonade. Located on the x-axis is the quantity of chips and on the y-axis is the quantity of lemonade. The magnitude of the slope of the budget line equals the
A) price of lemonade. B) price of chips. C) price of chips/price of lemonade. D) price of lemonade/price of chips.
What is meant by the term technological spillover?
What will be an ideal response?
Without an accepted medium of exchange
A. people would have to rely on gold or silver in order to exchange goods and services. B. there would be no trade. C. prices are very difficult to determine. D. goods and services would be exchanged by barter.
Refer to the above figure. Regulators cannot force natural monopolies to operate in the long run at a loss. Therefore, they usually require the firms to charge a price equal to
A. average cost, which is P4. B. marginal cost, which is P1. C. average cost, which is P3. D. marginal cost, which is P2.