Assuming plasma TVs are a normal good, an increase in consumer incomes will lead to
A) a rightward shift of the demand curve for plasma TVs.
B) a movement upward along the demand curve for plasma TVs.
C) a rightward shift of the supply curve for plasma TVs.
D) no change of the demand curve for plasma TVs.
A
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The two groups that benefit the most from quotas are
A) the importers who have the right to import the restricted good and the domestic producers of the restricted good. B) the domestic consumers of the restricted good and the domestic producers of the restricted good. C) the domestic consumers of the restricted good and the foreign producers of the restricted good. D) the importers who have the right to import the restricted good and the domestic consumers of the restricted good.
When a market is corrected for externalities, it:
A. is equitable. B. maximizes surplus. C. makes everyone in society better off. D. All of these statements are true.
Consider an economy in equilibrium, and assume no change in aggregate demand. An earthquake that destroys many factories across the country would result in a(n):
a. increase in the average price level and a decrease in real GDP. b. increase in the average price level and no change in real GDP. c. increase in the average price level and an increase in real GDP. d. decrease in the average price level and an increase in real GDP. e. decrease in the average price level and a decrease in real GDP.
Which of the following countries increased its holding of U.S. government debt by the greatest percentage between 2001 and 2011?
A. The United Kingdom B. Canada C. Saudi Arabia D. China