From a supply perspective, what impact would an increase in the price of motorcycles have on the market for motorcycles?
What will be an ideal response?
An increase in the price of motorcycles would generate an increase in the quantity of motorcycles supplied in the market.
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Who are the main actors in the international capital market?
What will be an ideal response?
If the compensated (Hicks) and Marshall demand curves for a good intersect, at that point the Marshall curve will be:
a. flatter if this is a normal good. b. steeper if this is a normal good. c. flatter if this is an inferior good. d. horizontal.
Tradable allowances are like quotas in that they both:
A. reduce the quantity bought and sold to the efficient level. B. maximize surplus. C. are efficient. D. All of these statements are true.
Consumer spending
A. Is affected by consumer confidence. B. Is the smallest spending component. C. Is the same as autonomous saving. D. Impacts the aggregate supply curve.