Under an upward sloping supply curve for land, the economic rents to land ________ as the demand for land shifts rightward
A) decrease
B) increase
C) remain the same
D) We do not have enough information to answer this question.
B
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A cold winter will increase the quantity of heating fuel demanded at every price.
Answer the following statement true (T) or false (F)
Generally, if a nation imposes a tariff on imports,
a. part of the tax is paid by foreign exporters. b. the entire tax is paid by foreign exporters. c. none of the tax is paid by foreign exporters. d. the tax has no impact on the profits of foreign exporters.
In the Keynesian view of macroeconomic equilibrium during a depression, aggregate demand and aggregate supply intersect
A. in the horizontal segment of the aggregate supply curve. B. in the horizontal segment of the aggregate demand curve. C. in an upward-sloping segment of the aggregate supply curve. D. in the vertical segment of the aggregate supply curve.
In the above figure, if the interest rate is 2 percent per year, the ________ because ________
A) demand for money curve will shift; the quantity of money demanded is less than the quantity of money supplied B) demand for money curve will shift; the quantity of money demanded is greater than the quantity of money supplied C) interest rate will change; the quantity of money demanded is less than the quantity of money supplied D) interest rate will change; the quantity of money demanded is greater than the quantity of money supplied E) supply of money curve will shift; the quantity of money demanded is greater than the quantity of money supplied