A tax levied on the buyers of a good shifts the
a. supply curve upward (or to the left).
b. supply curve downward (or to the right).
c. demand curve downward (or to the left).
d. demand curve upward (or to the right).
c
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Average indexed monthly earnings are derived from the worker's earnings history and determine the primary insurance amount (PIA).
A. True B. False C. Uncertain
Suppose you are thinking about spending an additional hour studying for your next microeconomics exam. You should spend that extra hour studying as long as
A. the extra study time leads to a higher grade on the exam. B. your only other alternative is spending an hour reading a novel. C. the benefit of an additional hour of study is greater than what you have to give up in order to study one more hour. D. you enjoy studying microeconomics.
Which of the following parties is most likely to benefit when the U.S. dollar becomes stronger compared to foreign currencies?
a. U.S. tourist attractions, such as Disney World and Disney Land b. foreign companies that import U.S. goods to their countries c. American manufacturers of consumer goods d. foreign manufacturers of automobiles
________: the value of food expenditures contributed by firms beyond the farm gate
Fill in the blank(s) with correct word