The above figures show the market for HD televisions. If cable television providers lower the price of providing HD cable service, which figure shows the effect of this change?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) None of the figures represent this change.
Answer: A) Figure A
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Poor economies may have difficulty growing because
a. their production possibilities curves slope upward instead of downward b. they cannot cut back on their production of consumption goods to increase their production of capital goods c. they have a solid consumption base already in place d. their resource bases are fully developed e. the law of increasing costs makes it hard to produce more goods
During 2007-2008, the price of gasoline increased from approximately $1.50 to $4.00 per gallon. As a result, the
A) supply of gas guzzling automobiles decreased, causing their price to increase. B) supply of gas guzzling automobiles increased causing their price to fall. C) demand for gas guzzling automobiles, such as the Hummer, decreased, causing their price to decline. D) demand for gas guzzling automobiles increased, causing their price to increase.
Which of the following moral theories is NOT consequentialist?
a. teleology b. act utilitarianism c. egoism d. kantian ethics
A cross-country analysis of health statistics suggests that countries with single payer systems have infant mortality rates that are ________ than those rates for the U.S. and survival rates for breast and prostate cancer that are ________ than those rates for the U.S.
A. lower; lower B. higher; higher C. higher; lower D. lower; higher