The disruption to financial markets starting in August 2007 that caused both consumer and business spending to fall
A) shifted the aggregate demand curve to the right.
B) shifted the aggregate demand curve to the left.
C) shifted the aggregate supply curve to the right.
D) shifted the aggregate supply curve to the left.
B
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Which of the following is not an example of a barrier to entry?
a. Mighty Mitch's Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world. b. A chemist receives a patent for a new skin cream. c. An entrepreneur opens a cupcake bakery. d. A taxi cab driver in New York City obtains a license to legally provide transportation in New York City.
Which of the following elements are involved in monopolistic competition?
a. difficult entry, many sellers, identical products; significant brand loyalty b. easy entry, many sellers, product differentiation; significant brand loyalty c. easy entry, few sellers, identical products; little brand loyalty d. difficult entry; few sellers; product differentiation; little brand loyalty
Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question,
After trade, at a world price of Pw, the net gain of consumer surplus equals area(s)
A. B + C. B. D. C. B + C + E + F. D. E + F.
One of the main arguments against further growth for industrialized nations focuses on the problem of:
A. Technological knowledge B. Environmental quality C. Feedback mechanisms D. Infrastructure