In general, the more resources that are devoted to technological research, the
A) greater is current consumption.
B) higher is the unemployment rate.
C) faster the PPF shifts outward.
D) more the PPF will bow outward.
C
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Figure 9.1 shows three aggregate demand curves. A movement from curve AD0 to curve AD1 could be caused by a(n)
A) decrease in government spending. B) decrease in the money supply. C) decrease in the price level. D) decrease in taxes.
The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. If Light-U-Up is regulated, what is its economic profit if it must follow an average cost pricing rule?
A) -$60 B) -$20 C) $0 D) $30
What is the present value of $104.25 that you could receive one year from now, given that the rate of interest is 4.25 percent?
A) $108.50 B) $0.00 C) $4.25 D) $100.00
Which of the following would NOT shift an industry's supply of labor curve?
A. Wage rates in other industries fall. B. Working conditions within the industry become less desirable. C. Wage rates in industries using similar labor rise. D. The wage rate in the particular industry falls.