If steel manufacturers expected that the price of steel was going to rise in the next six months, this would
a. have no change in the competitive market for steel
b. lead to a decreased demand for steel
c. lead to a decreased supply of steel
d. increase the future demand for automobiles
e. lead to a decrease in the quantity of steel supplied to the market
C
Economics
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Refer to Table 2-5. Assume Nadia's Neckware only produces ascots and bowties. A combination of 16 ascots and 6 bowties would appear
A) along Nadia's production possibilities frontier. B) inside Nadia's production possibilities frontier. C) outside Nadia's production possibilities frontier. D) at the horizontal intercept of Nadia's production possibilities frontier.
Economics
In 2013, the income share of the highest quintile was:
A. almost 60 percent. B. 20 percent. C. almost 90 percent. D. 47 percent.
Economics