As income taxes rise, disposable income __________, causing __________ the AD curve
A) increases; movement down along
B) increases; a rightward shift of
C) decreases; movement up along
D) decreases; a leftward shift of
D
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Which of the following relationships correctly identifies the profit maximization condition of a firm in a perfectly competitive market?
A) Marginal cost < Price = Marginal revenue B) Marginal cost > Price = Marginal revenue C) Marginal cost = Price = Marginal revenue D) Marginal cost = Price < Marginal revenue
As an industry's output increases, the industry's demand for the inputs that it uses will also increase
a. True b. False Indicate whether the statement is true or false
Workers in a nearby pizza restaurant may indirectly enjoy income increases from a nearby construction process
a. True b. False Indicate whether the statement is true or false
Which of the following is most likely to cause a leftward shift in the demand curve for the Chinese yuan in exchange of the U.S. dollar?
A) An increase in the demand for U.S. products in China B) A decrease in the demand for Chinese products in the U.S. C) A decrease in the demand for U.S. products in China D) An increase in the demand for Chinese products in the U.S.