As the market price of a service increases, more potential sellers will decide to perform that service because:
A. more potential sellers will find that the market price exceeds their reservation price.
B. higher prices result in higher revenue.
C. it's more prestigious to produce high-priced services.
D. higher prices lead to lower opportunity costs.
Answer: A
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Explain why East Asian countries have done so well relative to South American countries
What will be an ideal response?
As a result of the imposition of a tax on a product: a. some consumer surplus is transferred from buyers to producers
b. some producer surplus is transferred from sellers to consumers. c. some consumer and producer surplus is transferred from buyers and sellers to the government. d. there is no change in either consumer or producer surplus.
In the equation 
, what is the estimated value of 
?
A. 
B. 
C. 
D. 
For a fixed inflation rate target, a decrease in the inflation rate corresponds to a ________ the aggregate demand curve and a decrease in exogenous spending corresponds to a ________ the aggregate demand curve.
A. movement down; shift left of B. movement up; shift right of C. shift left of; movement up D. shift left of; shift right of