How might a government cause a demand shift to the right?
A. By regulating supplies
B. By requiring consumers to purchase certain products
C. By causing a shift in consumer tastes
D. By increasing taxes
Answer: B
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When is an individual said to have single-peaked policy preferences?
What will be an ideal response?
One barrier to entry that may maintain an oligopoly is
a. government policy designed to limit foreign competition b. a low minimum efficient scale c. bounded markup pricing d. efficiency wages that make it impossible for new entrants to compete profitably e. executive payoffs
A firm cannot price discriminate if it
a. has perfect information about consumer demand. b. operates in a competitive market. c. faces a downward-sloping demand curve. d. is regulated by the government.
The smaller the required reserve ratio, the larger the simple deposit multiplier
Indicate whether the statement is true or false