An example of a nonrenewable resource would be:
A. wireless technology.
B. a computer.
C. sunlight.
D. None of these is considered a nonrenewable resource.
Answer: D
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Which of the following factors is expected to cause the demand curve for coffee to shift to the right?
A) An increase in the supply of coffee due to better weather B) A higher personal tax on the income of all consumers C) A fall in the manufacturing cost of coffee D) A higher tax on the sale of tea, a substitute for coffee
The ratio of the increase in ________ to the increase in ________ is called the multiplier
A) induced expenditure; equilibrium real GDP B) autonomous expenditure; equilibrium real GDP C) equilibrium nominal GDP; autonomous expenditure D) equilibrium real GDP; autonomous expenditure
Recall the Application about the response of bike messengers in Zurich to a change in wages to answer the following question(s).Recall the Application. A study of bike messengers in Zurich showed that as the messengers' revenue share increased from 40% to 50%, they:
A. worked more shifts but pedaled slower. B. worked less shifts and pedaled slower. C. worked less shifts but pedaled faster. D. worked more shifts and pedaled faster.
Average total cost is minimized in long-run equilibrium for a monopolistically competitive firm.
Answer the following statement true (T) or false (F)