A shortage occurs if borrowers want more loanable funds than savers want to supply
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Specialization and trade exploit differences in productivity across workers and
A) make everyone better off. B) only benefit the importer. C) make everyone worse off. D) only benefit the exporter.
In the figure above, for each CD, the price a consumer is willing to pay is equal to the
A) economy's marginal social cost of producing that CD. B) consumer's own marginal benefit from consuming that CD. C) consumer's total consumer surplus. D) Both answers A and B are correct.
If the absolute value of the price elasticity of demand for a product is less than 1, then
A) quantity demanded is very sensitive to price changes. B) demand is inelastic. C) demand is unit-elastic. D) demand is elastic.
Which diagram best represents the problem faced by farms in the long run?
A. A.
B. B.
C. C.
D. D.