Which of the following will cause a movement along the supply curve?
A. An increase or decrease in the raw materials costs.
B. An increase in labor costs.
C. Changes in the cost of the machinery used to make a good.
D. Changes in the market price of a good, other things held constant.
Answer: D
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The United States gained significant strength globally in manufacturing production during the Civil War (1861–1865)
Indicate whether the statement is true or false
From the point of view of a particular country, capital inflows are:
A. purchases of foreign goods or services by domestic households or firms. B. purchases of domestic assets by foreigners. C. purchases of foreign assets by domestic households or firms. D. purchases of domestic goods or services by foreigners.
Net national product equals
A) gross national product minus statistical discrepancy. B) gross national product minus depreciation. C) national income minus taxes on production and imports. D) national income plus depreciation.
If regulators were to ensure that monopolistically competitive firms follow a marginal cost-pricing rule: a. new firms would be likely to enter the market
b. the most efficient firms would not likely be affected. c. all firms would experience losses. d. firms would operate at the most efficient scale.