If Spain decreases subsidies to its olive growers, the price of olives in the U.S. will fall.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The theory of intertemporal choice, and the life-cycle and permanent income hypotheses have in common the assumption that ________
A) consumption decisions are affected by current expectations about lifetime resources B) consumption decisions are based on all available information C) current income, rather than expected income, has the greater influence on consumption decisions D) decisions to borrow and save are influenced much more by immediate circumstances than by long-term consequences
A monopoly can gain more from a discovery than someone else who makes the same discovery for the industry
Indicate whether the statement is true or false
As more hours are worked, the marginal utility of leisure time tends to
A. Decrease. B. Stay the same. C. Increase. D. Decrease initially, but then increase.
Which of the following illustrates consumer surplus?
a. Jon and Gabi find the perfect apartment, but it is $100 per month over budget. b. When Amy shops for a new car, she finds dozens of options in her price range. c. Beck finds an online deal for a plane ticket to Miami that is $100 under his budget. d. Stores cannot stock enough round sunglasses after a celebrity promotes the style.