A tax on sellers and an increase in input prices affect the supply curve in the same way
a. True
b. False
Indicate whether the statement is true or false
True
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The U.S. central bank is the government institution that:
A) monitors financial institutions, controls the money supply, and invests in foreign assets. B) monitors financial institutions, controls the money supply, and sets certain key interest rates. C) monitors financial institutions, controls the money supply, sets certain key interest rates, and decides on political targets. D) controls the money supply and invests in foreign assets.
Trade war occurs when, after a tariff is imposed, other countries retaliate with their own tariff
Indicate whether the statement is true or false
In the theory of consumer choice, when a person is choosing which good or service to consume, how does he or she select the units of good or service to consume? a. The person selects the good or service based on need
b. The person selects the units of a good or service that generates the greatest marginal utility. This process continues until there budget is spent. c. The person selects the units of a good or service that generates the greatest marginal utility per dollar spent. This process continues until the person's budget is spent. d. The person randomly selects what they buy until the budget is spent.
Tie-in sales:
A. are legal under the Clayton Act. B. are the same as predatory pricing. C. were banned under the Hart-Scott-Rodino Act. D. are contracts that prevent purchasing one good without purchasing another.