For typical goods, supply curves are
A) downward sloping.
B) upward sloping.
C) horizontal.
D) vertical.
Answer: B
Economics
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The combination of psychology and economics to determine individual decision making is known as
A) behavioral economics. B) psychonomics. C) neuronomics. D) positive analysis.
Economics
Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a $1,000 deposit, then its excess reserve balance will be:
A. $0. B. $90. C. $100. D. $900.
Economics