Ceteris paribus, which of the following will cause a rightward shift of the supply curve for plasma TVs?
A.) An increase in the cost of materials associated with the production of plasma TVs.
B.) A decrease in the quantity of labor available to produce plasma TVs.
C.) A subsidy paid to the producers of plasma TVs.
D.) A decrease in the price of plasma TVs.
C.) A subsidy paid to the producers of plasma TVs.
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Government intervention will not be necessary when voluntary contracting internalizes an externality. Which of the following is NOT a necessary condition for this to occur?
A) well-defined private property rights B) low transaction costs C) large numbers of individuals involved in the transactions D) low contract enforcement costs
The greater the marginal propensity to consume in the economy, the smaller the spending multiplier
a. True b. False Indicate whether the statement is true or false
Use the above table. If these two countries, Alpha and Beta, specialize based on comparative advantage
A) Alpha will specialize in cookies, and Beta will specialize in coffee production. B) Alpha will specialize in producing both items. C) Beta will specialize in producing both items. D) Alpha will specialize in coffee, and Beta will specialize in cookies.
The aggregate demand curve slopes downward because of
a. the real wealth effect, the interest rate effect, and the price level effect b. the real wealth effect, the money supply effect, and the international trade effect c. the interest rate effect, the international trade effect, and the real GDP effect d. the real wealth effect, the interest rate effect, and the international trade effect e. the real wealth effect, the interest rate effect, and the net export effect