The law of demand holds that as prices of goods decrease, people are willing to buy more.
Answer the following statement true (T) or false (F)
True
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When can we expect a factor-price effect to occur? How does a factor-price effect alter an industry's short-run and long-run supply curves?
What will be an ideal response?
We call a group a team if the total output produced by the group can be separated into individual outputs
Indicate whether the statement is true or false
According to the efficient markets theory of stock prices, some investors outperform the market because
a. they are especially skilled at analyzing stock price trends b. in any large group of investors, there will probably be some unusually lucky ones c. they are most likely the beneficiaries of insider trading d. they have better information about firms' technologies and production costs e. they have a superior ability to predict consumer behavior
You do not worry about how your bank is investing your money because your deposits are federally insured. This is an example of:
A. a positive spillover. B. moral hazard. C. adverse selection. D. irrational behavior.