When a market is in surplus, there is pressure for the price to move upward
a. True
b. False
Indicate whether the statement is true or false
False
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The U.S. government banned cigarette advertising on radio and television after January, 1971 . You would expect to find that after the ban took effect the price of magazine ads for
a. all goods fell. b. only cigarettes fell. c. all goods rose. d. only cigarettes rose.
Which of the following is an example of a tie-in sale?
A. In order to buy Dell Computers, you must also buy Microsoft Windows to get the warranty. B. Bus rides are cheaper for senior citizens than for other people. C. Two companies merge to form one company. D. Prices are set just low enough to prevent other firms from entering the market.
The supply of euros on the foreign exchange market slopes:
A. upward because European consumers buy fewer foreign goods when the value of the euro decreases. B. downward because European consumers buy fewer foreign goods when the value of the euro decreases. C. downward because European consumers buy more foreign goods when the value of the euro decreases. D. upward because European consumers buy more foreign goods when the value of the euro decreases.
As pollution emission levels increase, the marginal social benefit of pollution
A. increases. B. decreases. C. becomes infinite. D. does not change.