Increasing government taxation or regulation of an industry generally increases the supply of goods
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied resulting in
a. excess demand or shortages. b. excess supply or surpluses. c. equilibrium prices. d. price controls.
According to Figure 18.2, a shift from AS2 to AS3 is most likely to result from
A. A decrease in the reserve requirement. B. An increase in government spending. C. An increase in government regulation. D. A decrease in the marginal tax rate.
Other things equal, a fall in the market price caused by a change in supply will
What will be an ideal response?
The European Central Bank has ensured independence by appointing Executive Board members for:
A. eight-year non-renewable terms. B. fourteen-year terms. C. twenty-year terms. D. life.