In which of the following instances is the effect on equilibrium price (whether it rises, falls, or remains unchanged) dependent on the magnitude of the shifts in supply and demand?
What will be an ideal response?
demand rises and supply rises
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How much money to hold is an application of the:
A. cost-benefit principle. B. scarcity principle. C. principle of increasing opportunity cost. D. principle of comparative advantage.
An HMO hires radiology services from India to cut costs. If all else remains equal, this will
A) decrease the financial account. B) decrease the balance of trade. C) increase the current account balance. D) decrease net exports.
An increase in the cost of acquiring human capital will shift the labor supply curve to the left; eventually, this will tend to increase the equilibrium wage rate
a. True b. False
Land includes all of the following except
a. a virgin forest b. natural-state real estate c. oil under the oceans d. deposits of copper e. an irrigation system