Assuming that the demand and supply of a good have moved in the same direction, and by the same amount, the new equilibrium would represent:
a. an increase in price and an increase in quantity exchanged
b. no change in price and an increase in quantity exchanged.
c. a decrease in price and a decrease in quantity exchanged.
d. no change in price, and an indeterminate change in quantity exchanged.
d
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Which of the following is an example of a capital resource?
a. redwood trees b. unskilled labor c. stocks and bonds d. an oil rig
Which is the most accurate statement?
A. We have never had corporate corruption until around the year 2000. B. If you asked the average American if he believed all corporate officers were honest, he would answer "Yes." C. Enron is the only large corporation that was caught up in a financial scandal since the 1980s. D. Although it may be years before we know the full damages incurred, it seems very likely that the corporate financial scandals of recent years will end up costing those corporations and the public billions of dollars.
Since 1970, the Fed generally ________ the interest rate when inflation was ________.
A. raised; low B. raised; high C. lowered; high D. The Fed has maintained a stable interest rate since 1970.
As disposable income decreases, consumption:
A. And saving both increase B. And saving both decrease C. Increases and saving decreases D. Decreases and saving increases