Which of the following will not shift the demand curve for natural gas?
A.) A change in consumer income.
B.) A change in consumer expectations.
C.) A change in the weather and heating requirements.
D.) A change in the technology used to produce natural gas.
D.) A change in the technology used to produce natural gas.
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Cooperation in an economy characterized by extensive specialization requires
A) a rapid exchange of accurate information. B) flexible government controls. C) high unemployment to stem inflation. D) highly trained economists to "fine-tune" the economy. E) price controls.
A single-price monopoly will set its price according to which of the following rules?
A) P = MR and MR = MC B) P = MC where the MC curve crosses the demand curve C) P = MR where the MR curve crosses the demand curve D) None of the above answers is correct.
If the tax base is narrowed through an increase in exemptions, ______ in order to raise the same level of revenue
a. tax rates must be lowered b. tax rates must be raised c. tax expenditures must be increased d. nothing must happen
Modern economics as a field of study is usually thought to have begun with which of the following
What will be an ideal response?