One reads in the newspaper: "Today the president and Congress enacted a law which adds new requirements that child care providers must meet before they can offer their services for sale." As a result, an economist would predict that
A) the supply of child care services will increase, thus lowering the price of child care services.
B) the supply of child care services will be unaffected by the stiffer requirements and therefore the price of child care services will not change.
C) the demand for child care services will fall because people who buy child care services do not want stiffer requirements placed on child care providers.
D) the supply of child care services will decrease, thus raising the price of child care services.
E) none of the above
D
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If the Canadian dollar price of a United States dollar increases from C$0.80 to C$1.00, it can be concluded that ________.
A. the Canadian dollar has appreciated in value relative to the United States dollar B. the United States dollar has depreciated in value relative to the Canadian dollar C. the Canadian dollar has depreciated in value relative to the United States dollar D. both countries are on the international gold standard
________ of a foreign bank operates in the U.S. but cannot accept deposits from domestic residents
A) An agency office B) A universal corporation C) A McFadden corporation D) A Basel branch
Between 1921 and 1929, general prices as measured by wholesale or consumer prices
(a) were stable overall. (b) fell dramatically. (c) increased moderately. (d) increased significantly.
According to Danziger and Gottschalk, the two most frequent ways low earners escape poverty is working a second job, and help from relatives
Indicate whether the statement is true or false