Which of the following would shift the supply curve for coffee to the right?
a. An innovation in agricultural techniques that allows growers to produce coffee less expensively.
b. A late frost in Brazil that destroys 75% of its coffee bean crop.
c. An increase in the wages paid to coffee bean pickers.
d. A rise in the popularity of espresso, cappuccino, and other exotic coffee drinks.
a. An innovation in agricultural techniques that allows growers to produce coffee less expensively.
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The figure above shows Sam's budget line. Which of the following would result in Sam's budget line shifting leftward and not changing its slope?
A) a decline in his preferences for both gasoline and coffee B) an equal percentage reduction in the prices of both a gallon of gasoline and a pound of coffee C) a decrease in Sam's income D) a fall in the ratio of the price of a gallon of gasoline to the price of a pound of coffee
Compared with inter-regional trade in the he United States, intra-EU trade
A) is far greater. B) is greater. C) is about the same. D) is less. E) is far less.
When farmers take part in the soil-bank program, they receive
a. additional allotments of acreage in the future b. income, including government subsidies, for goods produced on that land c. payments for producing nothing on the acres put into the soil bank d. preferential tax treatment e. residential property tax credits
The money multiplier works best if all transactions in the economy are made through the banking system
a. True b. False Indicate whether the statement is true or false