What would an economist point to explain why there are no large farms within Detroit city limits?
A) The cultural characteristics of the typical Detroit citizen
B) The political power of the automobile industry in Detroit
C) The residential and commercial demand for real estate in Detroit
D) None of the above.
C
You might also like to view...
If a bank has more rate-sensitive assets than rate-sensitive liabilities
A) it reduces interest rate risk by swapping rate-sensitive income for fixed rate income. B) it reduces interest rate risk by swapping fixed rate income for rate-sensitive income. C) it increases interest rate risk by swapping rate-sensitive income for fixed rate income. D) it neutralizes interest rate risk by receiving and paying fixed-rate streams.
If Mattie wants to discourage Irene from entering the market, what strategy should she follow?
a. Threaten to always accommodate b. Always accommodate c. Threaten to always fight d. All of the above
Which of the following accurately shows the sequence that happens when demand for a product increases?
a. Price of product increases; the product’s supply increases; buyers compete for the product; a new equilibrium is reached. b. The product’s supply increases; buyers compete for the product; price of product increases; a new equilibrium is reached. c. Buyers compete for the product; price of product increases; the product’s supply increases; a new equilibrium is reached. d. Buyers compete for the product; the product’s supply increases; price of product increases; a new equilibrium is reached.
Figure 4.4 illustrates the supply of tacos. A technological advancement which makes tacos cheaper to produce would most likely cause a movement from:
A. point a to point c. B. point c to point a. C. S2 to S0. D. S0 to S2.