If producer confidence in the economy increases, economists would say that this is a: a. positive demand shock that shifts AD to the left.

b. positive demand shock that shifts SRAS to the left.

c. positive demand shock that shifts AD to the right.

d. positive supply shock that shifts AD to the right.

e. positive supply shock that shifts SRAS to the left.

At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage