A decrease in the price of digital cameras would lead to a(n):
A. Increase in the price and quantity sold of memory cards
B. Decrease in the price and quantity sold of memory cards
C. Increase in the price and a decrease in quantity sold of memory cards
D. Decrease in the price and an increase in quantity sold of memory cards
Answer: A
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All of the payment to a factor of production will be economic rent when the factor of production has:
A) an infinitely inelastic supply curve. B) an infinitely elastic supply curve. C) a constant, unit elastic supply curve. D) an infinitely inelastic demand curve.
Demand-pull inflation is typically caused by rapidly rising costs of production
a. True b. False Indicate whether the statement is true or false
When does the fiscal year begin for the U.S. federal government?
a. January 1 b. April 1 c. July 1 d. October 1
Diversification is:
A. the interest rate at which one would lend if there were no risk of default. B. the process by which risks are shared among many different assets or people. C. when a borrower fails to pay back a loan according to the agreed-upon terms. D. making a market more liquid by being always ready to buy or sell an asset.