Which of the following would provide an incentive to increase the amount of beef consumed?
A. a tax on beef sales
B. a decrease in the price of beef
C. a ban on beef sales by the Food and Drug Administration
D. promotion of chicken consumption
Answer: B
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Which of the following statements is true?
A) In the United States, the unemployment rate among bachelor degree holders is more than the unemployment rate among high school diploma holders. B) Unemployment rate is higher among groups with lower educational attainment. C) More educated workers have a lower opportunity cost of time than less educated workers. D) The unemployment rate in a country normally increases when the country's economy expands.
When a market is in equilibrium, the total amount of consumer surplus must be ________ the total amount of producer surplus
A) larger than B) equal to C) less than D) None of the above answers are correct.
Refer to the table above. France will gain from trade so long as the international price of grapes measured in terms of textiles is below
A) $15. B) 3. C) 5. D) 8.
Refer to the information above. In which period does gross investment reach its peak?
A) 1 B) 2 C) 3 D) 4 E) 5