Refer to the accompanying figure. An increase in supply is represented by a shift from:
A. curve B to curve A.
B. curve C to curve D.
C. curve C to curve B.
D. curve A to curve B.
Answer: D
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Which is NOT an advantage of emissions fees over standards?
A) Fees can give a firm the incentive to reduce emissions below the standard when new technology allows. B) Fees can reduce the cost of attaining some goal level of emissions when firms all have the same abatement costs. C) Fees can reduce the cost of attaining some goal level of emissions when firms have different abatement costs and different standards can be assigned to different firms. D) Fees can reduce the cost of attaining some goal level of emissions when firms have different abatement costs and different standards cannot be assigned to different firms. E) Fees may provide an incentive for a firm to investigate emissions-reduction technology that will reduce emissions below existing standards.
If Slick Shades, a sunglasses manufacturer, purchases several local retail shops to sell their sunglasses, this is an example of ________.
A) divestiture B) forward integration C) backward integration D) outsourcing
Which statement is most accurate about the U.S. between 1840 and1860?
a. The per capita income of free people in the West South Central was about twice the national average. b. The per capita income of free people in the entire U.S. decreased. c. The per capita income of free people in the entire U.S. increased, but increased more slowly than it did before the Revolution. d. The Northeast was the poorest part of the nation, as measured by per capita income of free people.
A clause in a contract that automatically increases wages to account for increases in the price level is
A. a COLA. B. the GDP deflation. C. the PCE index. D. the real rate of interest.