For typical goods, supply curves are
A. horizontal.
B. upward sloping.
C. downward sloping.
D. vertical.
Answer: B
You might also like to view...
We measure the marginal ________ of a good by what a ________ for another unit of the good
A) benefit; person must pay B) cost; person is willing to pay C) benefit; person is willing to pay D) cost; person's preferences are
Discuss the correct and incorrect economic analysis in the following statements
"If a disease kills a large number of turkeys, the supply of turkeys will decrease. This will result in a price increase, which will then cause the supply of turkeys to increase."
In practice, the Fed's policy of targeting ________ in the 1960s proved to be ________, destabilizing the economy
A) money market conditions; countercyclical B) money market conditions; procyclical C) monetary aggregates; countercyclical D) monetary aggregates; procyclical
Cost minimization is the process of making optimal use of all of the inputs whose quantities are
A. set in the short run. B. set in the intermediate run. C. set in the long run. D. variable in the short and long run.