If an industry supply curve increases while the industry demand curve remains the same, then an individual firm in a perfectly competitive industry currently earning positive profits will see its profits _________.
A) increase
B) not change
C) decrease
D) impossible to determine
C) decrease
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In the absence of the Ricardo-Barro effect, an increase in the government deficit results in a ________ real interest rate and a ________ equilibrium quantity of investment
A) higher; higher B) higher; lower C) lower; higher D) lower; lower
The above figure illustrates
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) an equilibrium at the economy's physical limits.
The Morrill Act of 1862 established
a. local chapters of the organization that later became known as "Future Farm Leaders of America.". b. state-run agricultural experiment stations. c. "land-grant" colleges that provided agricultural education and research. d. funding for high-school vocational training.
The poverty rate dropped from 84 percent in 1981 to 11.2 percent in 2010 in what country?
A. India B. Chile C. South Africa D. China