Which of the following shifts the supply curve for good X leftward?
A) a situation in which quantity demanded exceeds quantity supplied
B) an increase in the cost of the machinery used to produce X
C) a technological advance in the production of X
D) a decrease in the wages of workers employed to produce X
B
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As people have more time to adjust to changes in a good's price,
A) the demand curve will become less elastic. B) the supply curve will become less elastic. C) both the demand and supply curves will become less elastic. D) both the demand and supply curves will become more elastic.
Suppose an individual firm is comparing two investments, a one year bond from a U.S. firm paying 4% or a one year bond from a German firm which is paying 6%. The current dollars-per-euro rate is 0.75, and the expected rate in one year is 0.72
If the expected rate is correct, which investment will receive the higher return? A) The U.S. Bond B) The German Bond C) They will have the same return. D) This cannot be determined from the information given.