Ceteris paribus, an increase in the price of a good will cause the
a. quantity demanded of the good to increase.
b. quantity supplied of the good to decrease.
c. producer surplus derived from the good to increase.
d. supply of the good to decrease.
C
Economics
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Economic growth tends to be higher in a country that
A) has an open economy that encourages the rapid spread of technology. B) does not grant patents to investors. C) has a low saving rate. D) has an undeveloped system of property rights.
Economics
Exchange rate interventions occur when a government:
a. buys and sells its own currency on forex markets. b. buys and sells other currencies on forex markets. c. increases its interest rate. d. buys and sells its own currency and other currencies on forex markets.
Economics