A sudden rise in the market demand in a competitive industry leads to
a. A short run market equilibrium price higher than the original equilibrium
b. A market equilibrium lower than the short run price
c. Entry of new firms into the market
d. All of the above
d
Economics
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Incentives to provide resources to less qualified individuals are referred to as
a. adverse selection b. forced saving c. moral hazard d. seigniorage e. all of the above
Economics
If the United States has a trade deficit with China, then China must have
A) a trade surplus with countries other than the United States. B) a trade surplus with the United States. C) a trade deficit with countries other than the United States. D) a trade deficit with the United States.
Economics