The number of logging firms increases. Which of the figures above best illustrates this change?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) Figure A and Figure D
D
You might also like to view...
What is the "doom loop" responsible for the rapid development and severity of the 2009 euro crisis?
What will be an ideal response?
Changes in nominal GDP reflect
a. only changes in prices. b. only changes in the amounts being produced. c. both changes in prices and changes in the amounts being produced. d. neither changes in prices nor changes in the amounts being produced.
If a society relies on competitive markets to allocate goods, then
A) an equitable distribution is assured. B) an equitable distribution is certain to not occur. C) the competitive equilibrium will be Pareto-superior to any other. D) social welfare as measured by consumer surplus plus producer surplus will equal zero.
The money supply curve is determined by all of the following except
A. The demand for money. B. The willingness of individuals to borrow money. C. The lending behavior of private banks. D. Federal Reserve policy.