Assume that Ford Motor Company engineers achieve a revolutionary technological breakthrough in the production process of automobiles. Which of the following is expected to take place?
a. A movement up along the existing supply curve for Ford automobiles
b. The supply of Ford automobiles will remain unchanged
c. An inward shift of the supply curve for Ford automobiles
d. A downward movement along an existing supply curve for Ford automobiles
e. An outward shift of the supply curve for Ford automobiles
e
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For small investors, the best way to pursue a "buy and hold" strategy is to
A) buy and sell individual stocks frequently. B) buy no-load mutual funds with high management fees. C) buy no-load mutual funds with low management fees. D) buy load mutual funds.
Given the current structure of health-care finance, which of the following is most likely to occur when the baby boom generation begins to retire and the elderly population increases rapidly during the years following 2010?
a. The demand for health-care services will decrease. b. The prices of health-care services will grow less rapidly than has been the case during the last three decades. c. The real (adjusted for inflation) expenditures on Medicare and the taxes to finance the program will tend to decline. d. The health-care inflation and spending growth of recent decades will continue or even accelerate.
Which of the following was not a reason that the Federal Reserve took on additional risks associated with unconventional policy during the recession of 2007–2009?
A. The large budget deficit constrained fiscal policy. B. The inflated price of Treasury bills made them too expensive to purchase in open market operations. C. Only the Federal Reserve acting as the central bank can serve as the lender of last resort. D. The Fed was able to act more quickly than Congress.
There must always be a balance of a nation's
A. merchandise exports and gold imports. B. total international payments. C. imports and exports of goods and services. D. merchandise imports and exports.