For which one of the following goods would we need to sum individual demand curves vertically to obtain the total demand curve?
A. Frozen yogurt.
B. Bubble gum.
C. Microwave popcorn.
D. Courts of law.
Answer: D
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A more conservative stockholder will choose to hold preferred stock rather than common stock
Indicate whether the statement is true or false
How sensitive is the structural deficit to the state of the economy?
a. It is insensitive to the state of the economy. b. The structural deficit changes cyclically with the economy. c. Changes in the structural deficit trigger opposite swings in the economy. d. The structural deficit changes countercyclically with the economy.
The crowding-in effect depends on the fact that often a decrease in taxes causes a(n)
a. decrease in interest rates and an increase in the price of existing bonds. b. increase in output, which induces more investment. c. increase in interest rates and a decrease in the price of existing bonds. d. decrease in interest rates and the price of existing bonds.
The demand for cars in a certain country is given by: D = 20,000 - P, where P is the price of a car. Supply by domestic car producers is: S = 5,000 + 0.5P. If this economy opens to trade while the world price of a car is $6,000, and the government imposes a quota allowing 3,000 cars to be imported, then domestic equilibrium quantity of cars will be ________.
A. 12,000 B. 8,000 C. 10,000 D. 6,000