A quota ________ a deadweight loss and a tariff ________ a deadweight loss
A) creates; creates
B) creates; does not create
C) does not create; creates
D) does not create; does not create
E) might create; might create
A
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The quantity of real GDP supplied ________ when the price level increases because ________
A) increases; the real wage rate falls B) decreases; investment increases C) increases; the quantity of money increases D) increases; aggregate demand increases E) decreases; the real wage rate rises
Which factor of supply would the introduction of e-mail into places of businesses be?
A. Technology B. Price of input C. Number of sellers D. Expectation of the future
The value of future payments is affected by
A. The possibility of nonpayment. B. The par value. C. The level of dividends. D. Capital gains.
The urban consumers that the CPI is based on does not include:
A. the unemployed. B. the retired. C. persons in prison. D. the CPI does not include any of these.