If in the market for bananas the supply curve has shifted to the right, then
A) the supply of bananas has decreases. B) the quantity of bananas supplied has decreased.
C) the quantity of bananas supplied has increased. D) the supply of bananas increased.
D
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Economic growth was stimulated by suburbanization
A. in the first five years after World War II. B. in the 15 years following World War II. C. from the mid 1960s to the mid 1970s. D. after the Persian Gulf War.
Producer surplus is the price received ________ summed over the quantity sold
A) plus the consumer surplus B) multiplied by the quantity sold C) minus its marginal cost of production D) subtracted from the value of the good
U.S. factories produce ________ of the shoes New Balance sells in the United States
A) none B) about 25 percent C) roughly half D) about 75 percent
The long-term supply of labor
A. can vary from region to region but does not change within a region. B. does not depend on location as flows of workers between regions cancel each other out. C. depends on location, as some regions are more attractive to workers. D. generally does not vary much from region to region.