Which of the following would not move either the supply or the demand curve in the market for housing?
A. An increase in the cost of home insurance
B. An increase in the number of people who are retiring
C. An increase in real-estate prices
D. A possibility of higher construction costs
Answer: C
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The figure above illustrates that if this country wishes to have F2 - F1 additional food by moving from point A to point B, it will
A) have to find additional workers, because the country already is operating on its production possibilities frontier. B) be unable to do so until additional technological progress is made. C) have to sacrifice C1 - C2 clothing in order to free the resources necessary to produce the additional food. D) require that all the unemployed resources in the country be put to work.
The Stolper-Samuelson Theorem predicts
A) the level of productivity in export industries. B) which factors are abundant. C) the income distribution effects of trade. D) which goods will be exported. E) the importance of intraindustry trade.
The Cold War
A) hampered globalization because it created a political barrier between countries which reduced the likelihood that those countries would engage in trade with one another. B) enhanced globalization because it helped to encourage countries to engage in trade with one another. C) ended with the building of the Berlin Wall in the early 1960s. D) a and c
A perfectly competitive firm is maximizing profits in the short run. This implies that the firm is earning the most economic profits possible, which
A) must be positive.
B) must be either zero or positive.
C) can be positive, negative, or zero.
D) exist at the point at which price equals total