In today's world markets, poor developing countries tend to rely primarily on exports of
A) agricultural products.
B) primary products.
C) mineral products.
D) manufactured products.
E) high-tech products.
D
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Which of the following is likely to bring about a movement along the supply curve for oranges?
A) A change in weather conditions B) A change in the price of fertilizer C) A change in wages paid to orange pickers D) A change in the price of oranges E) A change in the demand for grapefruit
The government played a central role in directing the post-World War II economy, causing all of the following to occur except
(a) The reduction of entitlements, such as Social Security and unemployment benefits. (b) Massive spending by the federal government, justified by the Cold War. (c) Enormously expanded government infrastructure spending on things like highways, airports, education and research and development. (d) There is no "except"; all of the above occurred.
Vertical relationships can increase profits through
a. preventing firms from evading regulation b. eliminating a double-markup problem c. making the incentives of manufacturers and retailers unaligned d. preventing price discrimination
Which of the following shifts the short-run aggregate supply curve to the right?
a. a decrease in the actual price level b. an increase in the actual price level c. a decrease in the expected price level d. an increase in the expected price level