A dramatic increase in the birth rate will have what immediate effect on the disposable diaper market?
a. supply decreases now
b. supply increases now
c. demand decreases now
d. demand increases now
e. supply and demand stay the same now
D
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Which of the following inputs can be changed in the short run?
A) Machinery B) Land owned C) Office Space D) Labor employed
It is the role of ________ to transfer funds from savers to borrowers
A) corporate governance B) the federal government C) an economy's financial system D) the Federal Reserve
A dominant strategy is
A) a strategy chosen by two firms that decide to charge the same price or otherwise not to compete. B) a strategy that is the best for a firm no matter what strategies other firms use. C) a strategy that is obviously the best for each firm that is a party to a business decision. D) an equilibrium where each firm chooses the best strategy, given the strategies of other firms.
The 1920s were characterized by large numbers of bank failures each year, especially among country banks. Country banks were particularly inclined to fail because:
a. they tended to open too many branches. b. they were not allowed to issue checking accounts. c. they were not allowed to join the Federal Reserve system. d. farm mortgages constituted the major portion of their loans. e. All of the above.