As bookings for his catering business began to increase, David raised his rates. Then he decided to take on even more bookings than he had before. Which of the following describes his labor supply curve?
a. U-shaped
b. upward sloping
c. downward sloping
d. backward bending
b. upward sloping
Economics
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The U.S. market for interbank borrowing and lending is called the:
a. Primary market. b. Secondary market. c. Money market. d. Eurodollar market. e. Federal funds markets.
Economics
Of the following countries, the one that best exhibits the characteristics of a market economy is:
a. Cuba. b. Canada. c. China. d. North Korea.
Economics