A change in which of the following would NOT shift the supply curve for sneakers?
A) an increase in technology for making sneakers
B) an increase in the price of rubber, used to make sneakers
C) an increase in the price of sneakers
D) None of the above, that is, each change shifts the supply curve
C
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Consider an oligopoly that has two firms, one with a 75 percent market share and the other with a 25 percent market share. The Herfindahl index for this market is:
a. 5,625. b. 6,250. c. 625. d. 5,000. e. 8,500.
Corruption reduces growth most directly because governments invest in projects with low productivity
a. True b. False Indicate whether the statement is true or false
Dissatisfaction with public school education has led many parents to try home schooling for their children. If parents cut back on their jobs outside the home in order to spend time teaching their children at home, how will this affect GDP?
a. GDP will increase. b. Real GDP will increase and nominal GDP will decrease. c. Both real and nominal GDP will increase. d. GDP will decrease.
A term that categorizes patterns of exchange rate behavior is known as:
a. exchange rate regimes. b. exchange rate realms. c. exchange rate principles. d. exchange rate observations.