What will be the principal and most immediate effect on the supply or demand of raw cotton grown in the United States if beef demand rises and ranchers are induced to reduce their flocks of sheep (for wool) in order to grow more cattle?
A) Decrease in demand.
B) Decrease in supply.
C) Increase in demand.
D) Increase in supply
C
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In a small European country, it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $300. Based on this information, what is the slope of the per-worker production function in this range?
A) 0.03 B) 3.3 C) 33.3 D) 333
Two government organizations that are responsible for initiating actions against possible antitrust cases are:
A. the Department of Justice and the Department of Commerce. B. the Department of Commerce and the Federal Reserve. C. the Department of Justice and the Federal Trade Commission. D. the Department of Labor and the Department of Commerce.
Given that India and Sri Lanka are trading partners, if Sri Lanka experiences a recession, the aggregate demand curve of India will shift to the right
a. True b. False Indicate whether the statement is true or false
Commercial banks are required by law to hold reserves. These reserves are specified as percentages of a bank's
A. total assets. B. total liabilities. C. checkable deposit liabilities. D. holdings of government securities.