If supply increases and demand decreases, then the equilibrium
a. price will decrease and quantity could increase, decrease, or remain unchanged
b. price will increase and quantity will decrease
c. price will increase and quantity could increase, decrease, or remain the same
d. price could increase decrease, or remain the same and quantity will increase
e. price will increase, decrease, or remain the same and quantity will decrease
A
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In which of the following cases is the slope of a line positive?
A) As x increases, y increases. B) As x increases, y decreases. C) As x increases, y remains the same. D) As x increases, y equals a positive number.
Over the last half-century, which of the following countries has had the highest growth rate of output per capita?
A) Japan B) France C) United Kingdom D) United States
Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The two reasons a nation like Alphonia would dump products in another nation are
A) import licensing and outsourcing. B) price discrimination and import licensing. C) price discrimination and predatory pricing. D) outsourcing and predatory pricing.
When resources are assigned to inappropriate tasks, that is, tasks for which they are not the best match, the result will be producing at a point
A) where the slope of the PPF is positive. B) where the slope of the PPF is zero. C) inside the PPF. D) outside the PPF.