A decrease in the price level will cause:
A. the short-run aggregate supply curve to shift to the right.
B. the aggregate demand curve to shift to the right.
C. a movement rightward along the short-run aggregate supply curve.
D. the long-run aggregate supply curve to shift to the right.
C. a movement rightward along the short-run aggregate supply curve.
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It is not possible to exclude people from consuming pure public goods
Indicate whether the statement is true or false
Suppose that utility-maximizing consumers in San Francisco pay three times as much for apples as for peaches. What is the ratio of the marginal utility of apples to the marginal utility of peaches?
A. 1/3 B. 3 C. 2/3 D. none of the above E. cannot determine without further information
A legal promise to repay a debt is called:
A. a dividend. B. a bond. C. equity. D. a stock.
An agribusiness firm that has monopsony power in a local market will buy less product at a lower price from local producers compared to a competitive market outcome.
a. true b. false