Which panel of Figure 3.3 represents the changes in the market for cigarettes when the government increases subsidies for the production of tobacco and at the same time bans smoking in public buildings?
A. A.
B. B.
C. C.
D. D.
Answer: B
Economics
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The fact that at the competitive equilibrium nobody can be made better off without making someone else worse off implies that
A) the equilibrium is pareto efficient. B) the equilibrium is not pareto efficient. C) the prices need to adjust further. D) further gains from trade are possible.
Economics
In the early 1900s, people were ________ more than decorators
a. Collectors b. Travelers c. Readers d. Media driven
Economics
Which of the following is not an exogenous cause of business cycles # randomize
A. Wars B. Elections C. Discovery of new resour D. Change in business confidence E. Geopolitics
Economics
A bank that has $10,000 in excess reserves can extend new loans up to a maximum of:
A. $1,000. B. $9,000. C. $10,000. D. $100,000.
Economics