Which of the following would cause a decrease in the price of automobiles?
A.) A technological advance in automobile manufacturing.
B.) An increase in the wages paid to automobile assembly line workers.
C.) A decrease in the cost of gasoline.
D.) An increase in the number of buyers.
A.) A technological advance in automobile manufacturing.
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Holding many risky assets and thus reducing the overall risk an investor faces is called
A) diversification. B) foolishness. C) risk acceptance. D) capitalization.
Opportunity costs arise due to
a. Resource scarcity b. Interest rates c. Limited wants d. Preferences
Based on the graph showing the effects of a government budget surplus, how would a budget surplus influence the equilibrium quantity of saving and investment?
a. It would create a higher equilibrium quantity of saving and investment.
b. It would create a lower equilibrium quantity of saving and investment.
c. It would have no influence on the equilibrium quantity of saving and investment.
d. It would drive the equilibrium quantity of saving and investment to zero.
Keynesians are most likely to:
A. include discouraged workers in their calculation of the unemployment rate. B. believe actual unemployment equals target unemployment. C. believe unemployment is not a problem. D. exclude discouraged workers in their calculation of the unemployment rate.