Which would most likely cause a rightward shift in the demand curve for the New York Times newspaper?
a. An increase in the price of the New York Daily News
b. A decrease in the size of the population in the New York area
c. A decrease in the costs of printing
d. An improvement in cable television in the New York area
a. An increase in the price of the New York Daily News
You might also like to view...
If a perfectly competitive firm is producing an output level for which MR equals $5, MC equals $6, and ATC equals $4, the firm
a. is earning a profit but should reduce output. b. is earning a profit and should increase output. c. is suffering a loss and should reduce output. d. is suffering a loss but should increase output.
Which of the following functions is NOT performed by any of the twelve regional Federal Reserve Banks?
A) check clearing B) conducting economic research C) setting interest rates payable on time deposits D) issuing new currency
Which of the following statements is false?
A. The Standard Oil trust forced its rivals out of business. B. The Clayton Act expressly exempted labor unions from prosecution under the Sherman Act. C. The judge in the Microsoft case concluded that the company used anticompetitive means to maintain a monopoly for its PC operating system software. D. The rule of reason originated in the ALCOA case of 1945.
Which of the following statements explains why trading partners are often concerned about each other's labor standards?
I. From a humanitarian perspective, people do not want to buy products if workers are in oppressive conditions. II. Unions realize that low standards for labor will be less costly, and those products will compete more effectively with products produced at home. III, Some nations do not enforce their own lax labor standards, but have also signed on to trade agreements. a. I b. II c. II and III d. I, II, and III