In recent years, Taiwan has experienced increases in savings and investment. As a result of the higher investment and saving, we expect i. increases in physical capital. ii. increases in the inflation rate. iii. advances in technology
A) i and iii
B) i and ii
C) ii only
D) ii and iii
E) i, ii and iii
A
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Which of the following is NOT a condition for third degree price discrimination?
A) Monopoly power B) Different own price elasticities of demand C) Economies of scale D) Separate markets
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
The 80/20 ratio of income has been rising over the last three decades.
Answer the following statement true (T) or false (F)
To conduct a partial equilibrium analysis of a change in consumer preferences toward coffee and away from tea, you must consider
A. changes in the amount of resources allocated to the production of coffee. B. changes in the price of resources allocated to the production of coffee. C. changes in the equilibrium price and quantity of coffee. D. all of the above