In markets, prices move toward equilibrium because of
a. the actions of buyers and sellers.
b. government regulations placed on market participants.
c. increased competition among sellers.
d. buyers' ability to affect market outcomes.
a
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Taiwan and South Korea are examples of developing nations that have recently pursued these industrialization policies
A) import substitution. B) export promotion. C) commercial dumping. D) multilateral contract. E) trade embargoes.
When raising taxes, the quantity effect tells us that the:
A. government gets more revenue per units sold. B. higher tax rate causes fewer units to be sold. C. government gets less revenue per unit sold. D. higher tax rate causes more units to be supplied.
Which of the following could explain a decrease in the interest rate and an increase in the equilibrium quantity of investment?
a. the supply of loanable funds shifted right. b. the supply of loanable funds shifted left. c. the demand for loanable funds shifted right. d. the demand for loanable funds shifted left.
Suppose that we compare shares of income earned by different U.S. groups by dividing all households into five groups. Which of the following statements about the income distribution in the United States is correct?
A. Shares of income remain roughly constant as we move from the lowest quintile to the highest quintile. B. Shares of income decrease as we move from the lowest quintile to the highest quintile. C. Shares of income increase as we move from the lowest quintile to the highest quintile. D. None of these