Assuming plasma TVs are a normal good, an increase in consumer incomes will lead to
A) a rightward shift of the demand curve for plasma TVs.
B) a movement upward along the demand curve for plasma TVs.
C) a rightward shift of the supply curve for plasma TVs.
D) no change of the demand curve for plasma TVs.
A
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The deadweight loss of taxation:
A. is the lost consumer surplus due to a gain in producer surplus from a tax. B. is the lost producer surplus due to a gain in consumer surplus from a tax. C. is the lost aggregate surplus due to a tax. D. is the difference between consumer and producer surplus after a tax.
During the 1930s,
a. ordinary citizens were not allowed to hold gold. b. the US government fixed the price at which the Treasury would by and sell gold. c. production of gold soared. d. All of the above are correct. e. Only a and b are correct.
For a perfectly competitive firm, the value of the marginal product of labor falls as more workers are hired because of the diminishing
A. marginal cost of production. B. output price. C. marginal physical product of labor. D. price of labor.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8 The firm's isocost line could shift from AB to CD if
A. the price of capital increased. B. the price of capital and labor each decreased by 33%. C. the firm's total expenditures decreased by 25%. D. the firm's total expenditures increased by 33% or the price of capital and labor each decreased by 25%.