Assuming that soybeans and tobacco can both be grown on the same land, a decrease in the price of tobacco, other things being equal, causes a(n):
A. rightward shift of the supply curve for tobacco.
B. upward movement along the supply curve for soybeans.
C. rightward shift in the supply curve for soybeans.
D. leftward shift in the supply curve for soybeans.
Answer: C
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a. The NPV of the project is less than zero b. The NPV of the project is greater than zero c. The NPV of the project is equal to zero d. The NPV of the project is equal to the cost of capital
Considering only its direct effect on income, expansionary fiscal policy tends to:
A. decrease a trade deficit. B. increase a trade deficit. C. increase a trade surplus. D. be ambiguous with respect to the trade deficit.
Consider a labor market in equilibrium. If both demand curve and supply curve of labor shift to the right, then the wage rate in the market will:
A. increase. B. decrease. C. remain unchanged. D. either increase or decrease or remain unchanged.
Which of the following is issued to an investor to provide protection from having the invention copied or stolen for 20 years?
A) a license B) a natural monopoly C) a patent D) a certificate of convenience