Business decisions about what and how much to produce are based on what:
A. consumers demand.
B. maximizes market share.
C. maximizes profits.
D. the government wants.
Answer: C
You might also like to view...
Shortages occur when
a. many people are unemployed. b. interest rates go up. c. people have trouble supplying the goods and services at current prices. d. the United States imports more than it exports.
The monopoly illustrated in the figure above is unregulated and charges a single price. The deadweight loss created by the monopoly is
A) $0. B) $22.50. C) $45.00. D) $90.00.
Since the Social Security benefits of retirees are a function of the taxes paid by others, it is easy to predict that _____
a. older voters are likely to vote against higher taxes in exchange for higher benefits b. older voters are likely to vote for higher taxes in exchange for higher benefits c. older voters will be indifferent between higher taxes and higher benefits d. older voters will generally not get what they want
Which of the following would shift the aggregate demand curve to the right?
A. A lower future expected price level B. An increase in foreign income C. An appreciation of the value of a country's currency D. An increase in imports