When the amount supplied is greater at each price, there is a(n)
A) rightward shift in the supply curve.
B) leftward shift in the supply curve.
C) upward movement along the supply curve.
D) downward movement along the supply curve.
Answer: A
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The total utility of a consumer diminishes whenever:
a. he or she buys an additional unit of a good. b. his or her marginal utility decreases. c. his or her total utility increases at a decreasing rate. d. the last unit consumed of a particular good is distasteful or provides dissatisfaction. e. other consumers are also purchasing the product.
The Fed's low short-term interest rate policy from 2002-2004, along with housing regulations promoting low down-payment loans to sub-prime borrowers, encouraged
a. conventional 30-year, fixed rate mortgages which have relatively high default and foreclosure rates. b. conventional 30-year, fixed rate mortgages which have relatively low default and foreclosure rates. c. adjustable rate mortgages which have relatively low default and foreclosure rates. d. adjustable rate mortgages which have relatively high default and foreclosure rates.