The money demand curve will shift to the left if:
A. the price level decreases.
B. the nominal interest rate decreases.
C. the nominal interest rate increases.
D. the price level increases.
Answer: A
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The short-run demand curve for labor for a firm in any type of market for its output coincides with
a. the upward sloping portion of the marginal revenue product curve. b. the downward sloping portion of the marginal revenue product curve. c. the downward sloping portion of the marginal product curve. d. the marginal labor cost curve.
Which of the following CORRECTLY characterize principals and agents in important examples of the principal-agent problem?
A) In the doctor/patient relationship, the patient is the principal and the doctor is the agent. B) In the lawyer/client relationship, the client is the principal and the lawyer is the agent. C) Both of the above answers are correct. D) Neither of the above answers is correct.
The strength of the competition faced by a company can profoundly affect its
A. pricing. B. output decisions. C. input decisions. D. All of the responses are correct.
A transfer payment is a payment made by
a. consumers, but not in exchange for a tangible product. b. firms, but not in exchange for capital equipment. c. foreigners, but not in exchange for a domestically-produced good or service. d. government, but not in exchange for a currently produced good or service.