On the graph above, a possible cause of the rightward shift of the IS curve is an increase in ________
A) foreign demand for domestic goods
B) taxes
C) domestic demand for foreign goods
D) the exchange rate
E) none of the above
A
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Whenever marginal cost is positive, average cost curves are upward sloping.
Answer the following statement true (T) or false (F)
Depending on the relative size of the federal government's expenditures and tax revenues, the federal government's budget can be in three possible conditions
What are the three possible conditions and what is the relationship of federal government expenditures and tax revenues for each?
Which of the following will cause the average fixed cost curve of making cigarettes to shift?
A) a $5 million penalty charged to each cigarette maker B) a $1 per pack tax on cigarettes C) a $3 per hour wage increase D) an increase in the demand for cigarettes
In an efficient economy,
a. no one could be made better off by a change in the way goods are allocated b. revenue for all firms is maximized c. a change in the way goods are allocated could make someone worse off d. goods are allocated fairly among individuals e. no one would be made worse off if there is a change in the way goods are allocated