Which would most likely shift the aggregate supply curve? A change in:
a. Government spending
b. Excess capacity in business
c. Consumer expectations
d. Prices of imported resources
d. Prices of imported resources
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The Sherman Act of 1890 was passed to prohibit
A) combinations, trusts, or conspiracies to restrict interstate or international trade. B) monopolization or attempts to monopolize interstate or international trade. C) both of the above. D) neither of the above.
In a broad sense, all the policies, procedures, relationships, and systems in place to oversee the successful and legal operation of the enterprise; in a narrow sense, the responsibilities and performance of the board of directors specifically.
What will be an ideal response?
A tax whose burden, expressed as a percentage of income, increases as income increases is
A. an ability-to-pay tax. B. a proportional tax. C. a progressive tax. D. a regressive tax.
If the consumption schedule shifts downward, and the shift was not caused by a tax change, then the saving schedule:
A. May shift either upward or downward B. Will shift downward C. Will shift upward D. Will not shift