Only a ________ shift of the ________ curve can reduce unemployment and inflation at the same time.
A. leftward; AD
B. rightward; AD
C. rightward; AS
D. leftward; AS
Answer: C
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A production method that relies on large quantities of machines and equipment and smaller quantities of labor is referred to as a:
A) variable-input-intensive method of production. B) labor-intensive method of production. C) technology-intensive method of production D) capital-intensive method of production.
Which of the following was formed in October 2001 to make the national antitrust laws more consistent across the developing and developed countries of the world?
a. International Cooperation Network b. International Competition Network c. International Communication Network d. International Organization for Standardization e. International Court of Justice
A rational pricing strategy for a profit-maximizing monopolist is
a. price discrimination. b. price segregation. c. synergy pricing. d. average cost pricing.
What happens when the government imposes a unit excise tax on a good?
A) The amount of the tax is added to the current equilibrium price. B) The demand for the newly taxed good decreases. C) That good's supply curve shifts down by the amount of the tax. D) The newly taxed good's supply curve shifts vertically upward by the amount of the per-unit tax being levied.