Electric car manufacturers want to sell more electric cars at a higher price. Which of the following events would have this effect?
A) technological advancement in the production of electric car batteries
B) an increase in the number of manufacturers of electric cars
C) a decrease in the price of lithium, which is used in the electric car batteries
D) an increase in the price of gasoline
Answer: D
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Under which exchange rate system was a dollar redeemable for gold only if the dollar was presented by a foreign central bank?
A) a fiat system B) the gold standard C) a managed float exchange rate system D) the Bretton Woods System
What is an imperfectly competitive industry?
What will be an ideal response?
The DD schedule shows
A) interest rate and output pairs for which aggregate demand equals aggregate output. B) exchange rate and output pairs for which aggregate demand equals aggregate output. C) exchange rate and output pairs for which aggregate supply equals aggregate output. D) interest rate and output pairs for which aggregate supply equals aggregate output. E) exchange rate and output pairs for which aggregate demand is greater than aggregate output.
Refer to Figure 14.1. Other things equal, which of the following will cause a movement from point Y to point X?
A) an increase in the real interest rate B) a decrease in disposable income C) a decrease in expected profits for firms D) an increase in net exports