If there is an increase in the demand for U.S. automobiles, the
A. supply of dollars will fall.
B. demand for dollars will fall.
C. demand for dollars will rise.
D. supply of dollars will rise.
Answer: C
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Suppose Bright Orange is large firm that grows and harvests oranges. Each orange yields 2 ounces of orange juice and exactly one orange peel. Bright Orange sells the orange juice to juice distributors and the orange peels to fragrance companies. The market demand for Bright Orange's oranges is equal to ________.
A) the demand for orange peels only B) the demand for orange juice plus the demand for orange peels C) the demand for orange juice only D) the difference between the demand for orange peels and orange juice
Proprietors' income includes all of the following except
a. the income of unincorporated businesses. b. the income of partnerships. c. the income of sole proprietorships. d. the income of all businesses - incorporated and unincorporated .
According to behavioral economists, self-control problems:
A. are a rare aberration from rational decision making. B. are often caused by time inconsistency. C. can be easily overcome by providing decision makers with better information. D. occur frequently but have no impact on the ability of neoclassical models to predict economic outcomes.
Table 9.1 represents 3 markets for used computers. Which of the markets in Table 9.1 are NOT in equilibrium?
A. 1 only B. 2 only C. 3 only D. 1 and 3