In the above figure, the movement from point a to point b reflects
A) a decrease in the price of pizza.
B) an increase in the demand for pizza.
C) an increase in the number of people who eat pizza.
D) an increase in the price of the tomato sauce used to produce pizza.
E) a decrease in the number of firms producing pizza.
A
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All ________ economies have been political dictatorships
A) mixed B) centrally planned C) market D) mixed and market
Which of the following statements, ceteris paribus, accurately describes the impact of government spending on aggregate demand?
a. A decrease in government spending will decrease aggregate demand. b. Aggregate demand rises with falling government spending. c. Aggregate demand falls with stable government spending. d. A decrease in government spending will stabilize aggregate demand.
What are the private costs of driving an automobile? What are the external costs?
What will be an ideal response?
Suppose there are 100 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 workers when the wage rate is $9, and 30 workers when the wage rate is $8. The equilibrium wage rate for a number of years has been $9. If the wage rate falls to $8, we know that
A. the quantity demanded for the market will increase to more than 3,000 workers. B. the quantity demanded for the market will increase to less than 3,000 workers. C. the quantity demanded for the market will increase to 3,000 workers. D. the quantity demanded for the market will increase, but we can't tell which of these answers is correct.