In the figure above, points U, V. Y, and Z show
A) an inefficient allocation of societies scarce resources.
B) possible combinations of televisions and personal computers.
C) a constant trade—off between televisions and personal computers.
D) society prefers more televisions than computers.
B) possible combinations of televisions and personal computers.
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An increase in disposable income leads to a
A) rightward shift of the supply of loanable funds curve. B) rightward shift of the demand for loanable funds curve. C) downward movement along the supply of loanable funds curve. D) leftward shift of the supply of loanable funds curve. E) leftward shift of the demand for loanable funds curve.
In Figure 3-4 above, the shift from Ap0 to Ap1 could have been caused by a rise in net exports of
A) 180. B) 750. C) 120. D) 300.
Which of the following pieces of legislation is aimed at curbing the negative effects of externalities?
A. Robinson-Patman Act B. Clean Air Act C. Truth in Lending Simplification Act D. Lanham Act
In the market for birth control devices, if the number of women of child-bearing age decreases, the
A. supply curve will shift to the right. B. demand curve will shift to the left. C. supply curve will shift to the left. D. demand curve will shift to the right.