Things that cause supply curve to shift?
What will be an ideal response?
-cost of production
-changes in technology
-number of sellers in the market
-natural disasters
-tax policy
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The table shows Elaine's utility from pizza and Pepsi. If Elaine consumes 2 slices of pizza and 3 Pepsis, her marginal utility from the fourth Pepsi is ________ units
A) 60 B) 54 C) 40 D) 220
Why may a central bank intervene in the foreign exchange market when its currency is appreciating?
A) concerns about the country's exports becoming less competitive B) concerns about inflation C) concerns about imports becoming less competitive D) to sterilize the effects on the domestic economy
The less liquid markets are the:
A. smaller the supply of loanable funds, and the slower the growth in the economy. B. larger the supply of loanable funds, and the slower the growth in the economy. C. smaller the supply of loanable funds, and the faster the growth in the economy. D. larger the supply of loanable funds, and the faster the growth in the economy.
Refer to the accompanying figure. If Pat and Chris each spend half their time on each task, then:
A. they will plant more bulbs and remove fewer bags of trash than if they had each specialized in the task at which they have a comparative advantage. B. the outcome will be efficient. C. the outcome will be unattainable. D. they will plant fewer bulbs and remove fewer bags of trash than if they each had specialized in the task at which they have a comparative advantage.