To say that "supply increases" for any reason, means there is a
A) movement rightward along a supply curve.
B) movement leftward along a supply curve.
C) shift rightward in the supply curve.
D) shift leftward in the supply curve.
C
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John either buys a steak or chicken when dining out. John's marginal utility for steak and chicken is given in the above table
If the price of a steak is $5 and the price of a chicken is $5 and John has $25 to spend on the two goods, what combination of steak and chicken will John consume to maximize his utility? A) 1 steak and 4 chickens B) 3 steaks and 2 chickens C) 4 steaks and 3 chickens D) 5 steaks and 6 chickens
The government in the country of Zappoo is trying to decide which tax plan to implement. The table above shows three alternative plans. If the government decides to implement a progressive income tax, it will implement tax plan ________
A) A B) B C) C D) A or B
If the interest rate increases, there is a(n)
A) increase in the demand for money. B) decrease in the demand for money. C) increase in the quantity of money demanded. D) decrease in the quantity of money demanded.
Which of the following groups would be aided by a depreciation of the American dollar?
A. Foreign workers. B. U.S. importers of goods from abroad. C. American producers of goods for export. D. Foreign producers of goods imported by the United States.