A Change in the Market Demand of a Final Good

question 148

Multiple Choice

A change in the market demand of a final good affects:​

• A)the supply of the resources used to produce it.
• B)the demand for the resources used to produce it.
• C)the marginal product of the resources used to produce it.
• D)the marginal resource cost of the resources used to produce it.
• E)the total cost of the resources used to produce it.

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Definitions:

Democrats

Members or supporters of the Democratic Party, one of the two major contemporary political parties in the United States, traditionally representing liberal and progressive policies.

Presidency

Refers to the executive head of state role, typically in charge of the executive branch of government in a republic or a democracy.

Glass-Steagall Act

Enacted in 1933, this Act separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation (FDIC) to protect bank deposits.

FDIC

The Federal Deposit Insurance Corporation, a United States government agency that provides deposit insurance to depositors in American commercial banks and savings institutions.