Say's law states that
A. supply will usually be greater than demand.
B. supply and demand are never equal.
C. supply creates its own demand.
D. demand may be greater than supply.
Answer: C
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If demand rises and supply falls, which of the following must be true?
a. The equilibrium quantity will rise. b. The equilibrium quantity will fall. c. The equilibrium quantity will not change. d. The change in the equilibrium quantity is indeterminate.
Which of the following is an example of foreign direct investment in China?
A) Chinese Shenzen Airlines company buys a small U.S. midwest airline company, Air Chicago. B) The bank of China purchases U.S. Treasury bonds. C) A U.S. foreign exchange speculator buys $200,000 worth of the Chinese currency the yuan. D) The U.S. company Walmart buys a warehouse in Shanghai. E) U.S. auto entrepreneur Elon Musk buys stock in Alibaba Group Holding Limited of Hangzhou, China.
A firm is generally more interested in marginal profits than in total profits.
Answer the following statement true (T) or false (F)
Which of the following is a private owner prohibited from doing?
What will be an ideal response?