Suppose there is an increase in the price of oranges. Which of the following is a possible cause?
a. increase in income
b. increase in the price of sugar, a complement of oranges
c. decrease in the price of tangerines, a substitute for oranges
d. freeze in Florida
e. favorable weather pattern
D
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Legislated federal government payments that anyone who qualifies can receive are called
A) controllable expenditures. B) a fiscal stabilizer. C) balanced expenditures. D) entitlements.
Thomas Jefferson's main goals for land policy included all of the following except:
a. To assure secure property rights to the land owned by individuals. b. To establish a system for collecting property taxes on land owned by individuals. c. To provide revenues to the federal government through land sales. d. To encourage the spread of democratic institutions.
Setting P = ATC allows us to calculate total profit or loss
Indicate whether the statement is true or false
To which of the problems in the construction of the CPI is the invention of pocket-sized computers most relevant?
a. substitution bias b. introduction of new goods c. unmeasured quality change d. income bias