A decrease in the number of dry cleaners in an area is represented by a(n):
a. downward movement along the dry cleaning supply curve.
b. upward movement along the dry cleaning supply curve.
c. leftward shift in the dry cleaning supply curve.
d. rightward shift in the dry cleaning supply curve.
e. vertical dry cleaning supply curve.
c
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The curve shown in the figure above is the
A) potential GDP curve. B) Phillips curve. C) aggregate supply curve. D) demand for money curve. E) aggregate demand curve.
Buying insurance is similar to
A) selling risk. B) irrationally avoiding life's risks. C) being a free rider. D) buying risk.
In a Malthusian world, what would improve the standard of living permanently?
A) a war B) a new medical drug C) birth control D) democracy
If the cost of capital decreased to 1%, does the firm invest in the new technology?
a. Yes because the NPV>0 b. Yes because the NPV=0 c. Need information on the marginal benefits and costs d. No because the NPV<0