Which of the following could cause the supply curve of loanable funds to shift to the left?
a. decrease in productivity
b. increase in the rate of interest
c. decrease in the rate of interest
d. increase in productivity
e. expectation that future prices will increase
E
Economics
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Which of the following is the best example of a differentiated product?
A) beets in the local supermarket B) diamonds C) airlines D) running shoes E) electricity
Economics
We know that a perfectly competitive firm is a price taker because
A) its MC curve slopes upward. B) its ATC curve is U-shaped. C) its demand curve is horizontal. D) MC and ATC are equal at the profit-maximizing amount of output. E) it has no supply curve.
Economics