Refer to Figure 16.3. A shift from AS1 to AS2 could be caused by
A. An increase in immigration restrictions.
B. A decrease in tariffs on imported goods.
C. An increase in OSHA regulations.
D. An increase in environmental regulations.
Answer: B
You might also like to view...
In a competitive market for a private good with no price or quantity regulations, no external cost nor external benefit, low transactions costs, and no taxes or subsidies,
A) the allocation of resources is planned by the government. B) production is organized by government organizations. C) efficiency can be attained in the market with no government intervention. D) efficiency is usually be achieved by majority rule. E) efficiency is generally obtained by using a command system.
The United States would be characterized as having:
A. a controlled domestic interest rate, an open capital market and a flexible exchange rate. B. a controlled domestic interest rate, an open capital market and a fixed exchange rate. C. no control over the domestic interest rate, an open capital market and a flexible exchange rate. D. a controlled domestic interest rate, a closed capital market and a flexible exchange rate.
Which ordering is correct?
A. Recession, recovery, prosperity. B. Prosperity, recovery, recession. C. Recession, prosperity, recovery. D. Recovery, recession, prosperity.
Owner-provided capital and owner-provided labor are examples of
A) explicit costs. B) implicit costs. C) normal rate of return. D) accounting costs.