Given the market for illegal drugs, when the government is successful in reducing the flow of drugs into the United States,
a. supply decreases, demand is unaffected, and price increases.
b. demand decreases, supply is unaffected, and price decreases.
c. demand and supply both decrease, leaving price essentially unchanged.
d. supply decreases, demand increases, and price increases substantially.
a
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Below the short-run shutdown price, the firm
A) is earning positive economic profits. B) is earning negative economic profits. C) is making a normal rate of return on its capital investment. D) may be earning a positive or negative economic profits depending upon costs.
Why is there a difference in the pay received by workers belonging to the same labor market?
Which defense mechanism occurs when someone transfers their thoughts and feelings onto others?
a. denial b. suppression c. reaction formation d. projection
Which of the following statements is correct?
A. The Federal funds rate is derived based on the prime rate B. The Federal funds rate is the rate banks charge their most creditworthy customers C. The discount rate is the rate banks charge one another on overnight loans D. The prime rate involves longer, more risky loans than the Federal funds rate