If the supply of solar panels increases,
A) the price and quantity of solar panels increases.
B) the demand for solar panels increases.
C) the quantity demanded of solar panels decreases.
D) the price of solar panels decreases and the quantity increases.
E) None of the above.
D
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Use the following graph showing cost curves for a perfectly competitive firm to answer the next question.
What is the lowest price at which the firm will start producing output in the short run?
A. $0.90 B. $1.05 C. $0.60 D. $1.25
The "bubble concept," which is sometimes used by EPA in its pollution control programs, is designed to
A) capture pollutants and dispose of them safely. B) confine pollution within a narrow area. C) make the people who pollute the most the ones financially responsible for pollution control. D) reduce the cost of achieving pollution-reduction targets. E) restore control over the environment to state and local governments.
An increase in nominal GDP implies that the country is producing a greater quantity of goods and services
Indicate whether the statement is true or false
The main source of government funding is
A) user fees. B) taxes. C) borrowing. D) transfer payments.