Either technological progress or cost increasing new government regulations will increase supply
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true?
A) Non-bank institutions are also a part of the credit market. B) People who lend money are known as debtors. C) People who borrow money are known as creditors. D) Money that is lent out is considered to be a liability.
The market for soybeans in Canada consists solely of domestic buyers of soybeans and domestic sellers of soybeans if
a. consumer surplus equals producer surplus in the Canadian soybean market. b. total surplus exceeds consumer surplus in the Canadian soybean market. c. Canada permits international trade in soybeans. d. Canada forbids international trade in soybeans.
At point A, 
A. MC = MR. B. The firm would do worst by shutting down. C. MC > MR. D. The firm is making positive economic profit.
The incorrect presumption that because two events tend to occur together, one must cause the other is the:
A) confusion of economists. B) blunder of science. C) fallacy of false cause. D) error of inclusion.