Which of the following would be most likely to cause the production possibilities curve for computers and education to shift outward?
A. A choice of more computers and less education.
B. A choice of more education and less computers.
C. A reduction in the labor force.
D. An increase in the quantity of resources.
Answer: D
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In third-degree price discrimination, the monopolist will choose quantities so that each market has the same
a. price. b. total revenue. c. marginal revenue. d. elasticity.
In a market with a price support set above the equilibrium price,
A) consumers gain. B) taxes on consumers decrease. C) marginal benefit exceeds marginal cost. D) the market is efficient. E) farmers gain.
Which of the following decisions are complicated by the value of money changing over time?
A. Buying a $100 concert ticket B. Buying a $100 stock C. Buying a $100 sweater D. Buying a $100 blender
Expansionary fiscal policy:
What will be an ideal response?