Which of the following will NOT shift the supply curve for pick-up trucks?
A) a technological advance
B) an increase in the price of a resource used to produce pick-up trucks
C) a change in the number of firms supplying pick-up trucks
D) a change in the price of pick-up trucks
D
Economics
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An explicit cost is defined as
A) a nonmonetary accounting cost. B) a cost that involves spending money. C) a nonmonetary opportunity cost. D) a cost that does not change as output changes.
Economics
Open market sales of bonds by the Federal Reserve drain reserves from the banking system and shift
a. the allocation of wealth between bonds and stocks b. the economy toward a trough in the business cycle c. the money supply curve leftward d. reserves to nonmember banks e. the demand for money curve leftward
Economics