Which of the following will not shift the market supply curve for corn?
a. a change in the price of corn
b. a change in the price of soybeans
c. a change in the price of herbicides and pesticides
d. a change in storage technology
e. a change in the number of acres planted in corn
A
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The market system is able to allocate resources efficiently because individuals have the right to the output they produce and _____
a. freedom of the press b. freedom of speech c. freedom of movement d. freedom of exchange
A person who is willing to bear more risk will buy
A) common stock. B) preferred stock. C) bonds. D) government bonds.
Import quotas and tariffs produce some common results. Which of the following is not one of those common results?
a. Total surplus in the domestic country falls. b. Producer surplus in the domestic country increases. c. The domestic country experiences a deadweight loss. d. Revenue is raised for the domestic government.
A tax multiplier equal to ?4.30 would imply that a $100 tax increase would lead to a:
A. $430 decline in real GDP. B. $430 increase in real GDP. C. 4.3 percent increase in real GDP. D. 4.3 percent decrease in real GDP.