If there is an excess supply of sport utility vehicles, then:
A. demand is greater than supply.
B. quantity supplied is greater than quantity demanded.
C. quantity demanded is greater than quantity supplied.
D. supply is greater than demand.
Answer: B
You might also like to view...
Which of the following statements is true?
A) If a bank lends a sum of $600 to a firm, the sum is a part of the bank's liability. B) If a bank lends a sum of $200 to a household, the sum is a part of the bank's liability. C) If a firm deposits a sum of $500 in a bank, the sum is a part of the bank's assets. D) If a firm deposits a sum of $500 in a bank, the sum is a part of the bank's liability.
The Coase theorem states that
A. transaction costs consist of marginal private costs and marginal social costs and are higher when exchange is subject to increasing marginal costs. B. transaction costs are the difference between marginal social costs and marginal private costs and are higher when exchange is subject to decreasing marginal costs. C. when transaction costs are significant, the resource-allocative outcome will be the same regardless of who is assigned the property rights. D. when transaction costs are insignificant, the resource-allocative outcome will be the same regardless of who is assigned the property rights. E. b and c
The law which prohibits embezzlement of funds by employees or income tax evasion acts as a(n):
a. psychological constraint b. ethical constraint. c. organizational constraint. d. contractual constraint.
The lure of ____ directs resources to optimally efficient activities and time periods
a. future consumption b. present consumption c. market share growth d. profits