The supply curve of books (which are produced using paper made from trees) will shift to the right in response to
A. a decline in college tuition.
B. an increase in home building.
C. a reduction in the supply of lumberjacks.
D. removal of government regulations that limit timber harvests from national forests.
Answer: D
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Changes in the size of an industry may cause supply to shift
a. True b. False Indicate whether the statement is true or false
What is the source of the supply of loanable funds in the open-economy macroeconomic model?
Refer to the following table showing a monopolist's demand schedule: 
What is marginal revenue for a price decrease from $50 to $40?
A. $24,000 B. $40 C. $30 D. $20 E. $9,000
According to the circular-flow diagram, GDP
a. can be computed as payments firms make to factors of production plus revenues they receive from the sales of goods and services.
b. can be computed as the revenue firms receive from the sales of goods and services minus the payments they make to factors of production.
c. can be computed as either the revenue firms receive from the sales of goods and services or the payments firms make to factors of production.
d. can be computed as the payments firms make to factors of production, but not as revenues they receive from the sales of goods and services.