Which of the following is most likely to cause an increase in demand for land?
a. A large study confirms that citrus fruits have anticancer properties.
b. A social media celebrity popularizes outdoor meditation rituals.
c. College graduates typically buy their first home in their early thirties.
d. The national park saw an increase in overnight visitors this season.
a. A large study confirms that citrus fruits have anticancer properties.
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The above figures show the market for gasoline. Which figure(s) shows the effect of a new U.S. tax on oil that suppliers must pay?
A) Figures A and C B) Figures B and D C) Figure A only D) Figure C only
Does the short-run Phillips curve have a positive or negative slope? Explain how this slope is derived
What will be an ideal response?
A firm produces construction equipment, some of which it sells to domestic businesses and some of which it exports. Which of the following effects of capital flight in the country where it produces would likely increase the quantity of equipment it sells?
a. both what happens to the interest rate and what happens to the exchange rate b. what happens to the interest rate but not what happens to the exchange rate c. what happens to the exchange rate but not what happens to the interest rate d. neither what happens to the interest rate nor what happens to the interest rate.
Related to the Economics in Practice on page 221: Because land is demand determined, an acre of land in downtown San Francisco, California ________ an acre of land in downtown Knoxville, Tennessee.
A. would most likely cost less than B. would most likely cost more than C. should cost approximately the same as D. would cost exactly the same as