Suppose the demand curve for committing robbery can be represented by a downward sloping demand curve. In other words, as the price of committing a robbery falls, more robberies will be committed
Now, suppose laws are passed allowing people to carry guns unconcealed in public. Which of the following best explains the likely outcome? A) Demand for robberies will fall.
B) Supply of robberies will increase.
C) The elasticity of robberies will be perfectly inelastic.
D) The quantity demanded of robberies will decrease because the price of robberies has risen.
D
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Refer to the scenario above. Suppose a country is currently at point C. Which of the following will happen if it experiences an improvement in technology?
A) It will move from point C towards point D. B) The curve will shift upward. C) It will move from point C toward point A. D) The curve will shift downward.
Discrimination ________ the group being discriminated against and ________ the group being favored
A) decreases the demand for; increases the demand for B) increases the demand for; decreases the demand for C) decreases the supply of; increases the supply of D) increases the supply of; decreases the supply of
As of 2012, the bank portion of TARP:
A) earned a profit of $21 billion B) earned a profit of $245 billion C) cost $266 billion D) cost $700 billion
All of the following costs will vary depending on the geographic location of a firm's plant except which one?
A) land prices B) U.S. corporate taxes C) wages D) local taxes