The supply of eggs comes from chickens. The price of eggs will decrease if
A) the supply of chickens decreases.
B) the supply of eggs decreases.
C) the price of chickens increases.
D) the demand for eggs decreases.
Answer: D
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How does inflation act as a tax?
What will be an ideal response?
Offshoring often results from:
A. diminished human capital of American workers. B. overly restrictive trade policies. C. a change in comparative advantage. D. a desire to help out workers in low-income economies.
John gets paid monthly and pays for everything with cash. When he cashes his check he keeps $200 for food, $100 for utilities, $900 for rent, $50 for transportation, $100 for entertainment and $300 for unexpected expenditures
Which of the following statements is TRUE? A) The transactions demand for money is $1,350, the precautionary demand is $300 and the asset demand is $0. B) The transactions demand for money is $350, the precautionary demand is $1,150 and the asset demand is $150. C) The transactions demand for money is $350, the precautionary demand is $950 and the asset demand is $0. D) The transactions demand for money is $450, the precautionary demand is $300 and the asset demand is $900.
Recall the Application about the policies used by the European Union to support the agricultural sectors of is member countries to answer the following question(s). According to this Application, the policies used by the European Union to support the agricultural sectors of its member countries created excess supply. This would occur if these policies set a ________ price which was ________ the market equilibrium price.
A. maximum; above B. maximum; below C. minimum; above D. minimum; below