Which of the following could cause the supply of carrots to decrease?
a. Consumers' incomes decrease.
b. There is a technological advance in carrot production.
c. Fertilizer costs increase.
d. The number of farmers growing carrots increases.
e. The price of carrots decreases.
C
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Cap and Trade is a system aimed at correcting for externalities by
a. imposing taxes. b. establishing tradable permits. c. placing quotas on specific firm’s output. d. limiting exports.
The above figures show the market for oranges. Which figure(s) shows the effect of an increase in the price of bananas, a substitute for oranges?
A) Figure A B) Figure C C) Figure D D) Figure A and C
Robert is interviewing a candidate for employment in his company and believes that the applicant is highly intelligent. If Robert only pays attention to information that is consistent with his belief, a(n) ________ will occur
A) confirmation bias B) attentional bias C) attenuation bias D) distinction bias
Which of the following is an example of an in-kind transfer?
a. welfare payments b. most Social Security benefits c. unemployment compensation payments d. food stamps e. charitable contributions