Which of the following can increase the number of pizzas a seller is willing to sell at a given price?
A. The amount of subsidies that pizza makers receive from the government decreases.
B. A new technology is developed that allows producers to make the same sized pizza using less cheese and dough.
C. The cost of inputs such as pepperoni and cheese goes up.
D. The number of workers working in the pizza factory decreases.
Answer: B. A new technology is developed that allows producers to make the same sized pizza using less cheese and dough.
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Answer the next question on the basis of the following table in which columns (1) and (2) indicate the transactions demand (Dt) for money and columns (1) and (3) show the asset demand (Da) for money.(1)Interest Rate(2)Dt(3)Da12%$100$010100208100406100604100802100100If the money supply is $160, the equilibrium interest rate will be
A. 8%. B. 4%. C. 10%. D. 6%.
In the circular flow diagram, aggregate expenditure includes
A) consumption expenditure, saving, investment and government expenditure. B) consumption expenditure, saving, investment and net exports. C) consumption expenditure, investment, government expenditure and net exports. D) consumption expenditure, saving, government expenditure and net exports.
What preconceptions do you have of "developing countries"? What do those preconceptions lead you to expect from this course?
What will be an ideal response?
Current income is 300, expected future income is 363, and the interest rate is 10%. If consumption is to be the same in each period, each period’s consumption must be
a) 330 b) 300 c) 331.5 d) 333 e) 363