An increase in the cost of building materials will generally lead to a _______ in the ______ curve for new homes.
Fill in the blank(s) with the appropriate word(s).
decrease; supply
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Which of the following is included as investment in GDP?
i. cars produced during the year but unsold at the end of the year ii. new capital equipment produced and purchased during the year iii. purchases of a company's stocks and bonds A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
Which of the following has contributed to developing countries' poor economic performance?
A) low population growth B) corruption C) high capital investment D) foreign direct investment
An increase in government purchases must always be accompanied by an increase in autonomous net taxes to boost aggregate demand
a. True b. False Indicate whether the statement is true or false
Which statement best defines producer surplus?
a. the amount that a seller would have liked to have charged, minus the amount that they actually received b. the amount that a seller is paid for a good minus the seller’s actual cost c. the amount that individuals would have been willing to pay, minus the amount that they actually paid d. when it is impossible to improve the situation of one party without imposing a cost on another