The___________is the principle that suppliers will normally offer more for sale at higher prices than lower prices.
a. law of supply
b. law of demand
c. law of inputs
d. law of price
Ans: a. law of supply
Economics
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The non-democratic character of the Board of Governors of the Federal Reserve System helps support ________
A) the political business cycle B) the time-inconsistency problem C) its independence D) rational expectations of Federal Reserve behavior
Economics
Contestable markets improve the performance of imperfect markets with
a. government regulations. b. the threat of entry. c. advertising. d. tacit collusion.
Economics