If a subsidy (going to consumers) is created for a good, this would
A. move its demand curve to the left.
B. move its demand curve to the right.
C. cause a movement along the demand curve to a (lower price, higher quantity) point.
D. cause a movement along the demand curve to a (higher price, lower quantity) point.
Answer: A
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All of the following are incomes earned in the factor market EXCEPT
A) wages. B) prices of goods and services. C) rents. D) profits.
Technological progress should lead to
A) an outward (rightward) shift in the investment function. B) an unchanged investment function. C) a downward movement of the investment function. D) less saving.
Using a big-push strategy for LDC economic development, the private sector
a. does not participate at any stage b. participates actively only at the beginning c. contributes matching funds to all government-financed projects d. participates after the government push creates the multiplicity of markets e. hurts the process by charging high prices for goods produced since it typically has monopoly power
From the graph showing the Phillips curve from 2006 to 2016, we can see that the 2008 financial crisis caused ______.
a. high inflation rates and low unemployment rates
b. low inflation rates and high unemployment rates
c. high inflation and unemployment rates
d. low inflation and unemployment rates