If there is a shortage of loanable funds, then:

a. there will be no shifts of the curves, but the real interest rate falls.
b. the demand for loanable funds will shift right so the real interest rate rises.
c. the supply of loanable funds will shift left so the real interest rate falls.
d. there will be no shifts of the curves, but the real interest rate rises.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.