Which of the following would shift a supply curve to the right?
a. Taxes
b. Import restrictions
c. Import duties
d. Subsidies
d
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The demand for the services of labor ________ a derived demand and the demand for the services of land ________ a derived demand
A) is; is B) is; is not C) is not; is D) is not; is not
In one month, Moira can knit 2 sweaters or 4 scarves. In one month, Tori can knit 1 sweater or 3 scarves. Moira's opportunity cost of knitting scarves is lower than Tori's opportunity cost of knitting scarves
a. True b. False Indicate whether the statement is true or false
In this consumer surplus graph, what is the maximum amount Emily is willing to pay for a third glass of iced tea?
a. four dollars
b. three dollars
c. one dollar
d. fifty cents
?Kites /hourSnowboards /hourJesse81April123
Based on the data in Table 18.1, if Jesse and April choose to specialize and trade, then:
A. April will specialize in painting kites and trade kites for snowboards. B. April will specialize in painting snowboards and trade snowboards for kites. C. Jesse will specialize in painting snowboards and trade snowboards for kites. D. None of these; specialization and trade are not beneficial for Jesse and April.