Normally, to the extent that a governmental control mechanism succeeds in affecting price, it can be expected to lead to a corresponding
a. reduction in the volume of sales only if the price is forced down.
b. reduction in the volume of sales if the price is forced down and an increase in the volume of sales if the price is forced up.
c. decrease in the volume of sales whether the price is forced up or down.
d. increase in the volume of sales whether the price is forced up or down.
c
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The minimum wage may cause businesses to hire fewer workers, and this results in structural unemployment
Indicate whether the statement is true or false
Demand curves slope downward to the right
a. True b. False Indicate whether the statement is true or false
In 2003, ratings agencies downgraded bonds issued by the State of California several times. How will this affect the market for these bonds?
A. The yield on these bonds will not change, nor will the yield on Treasury bonds. B. The yield on these bonds and on Treasury bonds will both decrease. C. Yields on these bonds will decrease and the yield on Treasury bonds will increase. D. Yields on these bonds will increase.
Refer to the list. As distinct from the supply factors and demand factor of economic growth, the efficiency factor(s) of economic growth is (are):
Use the list below to answer the following question: 1. Improvements in technology. 2. Increases in the supply (stock) of capital goods. 3. Purchases of expanding output. 4. Obtaining the optimal combination of goods, each at least-cost production. 5. Increases in the quantity and quality of natural resources. 6. Increases in the quantity and quality of human resources. A. 1 only. B. 4 only. C. 1 and 3 only. D. 3 only.