The above figure shows the market for pizza. The market is in equilibrium. Pizza and tacos are substitutes for consumers. The price of tacos falls. What point represents the most likely new price and quantity?
A) A
B) B
C) C
D) D
E) E
E
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Which of the following would be a human capital investment?
a. On-the-job training programs. b. Health care programs. c. Formal education. d. All of these.
Identify and explain the three ways we can use macroeconomic analysis.
What will be an ideal response?
Which of the following will cause an increase in the rental cost/user cost of capital?
A) The rate of depreciation increases. B) The real interest rate decreases. C) The expected profit from the machine decreases. D) all of the above E) none of the above
In a certain economy, the components of aggregate spending are given by: C = 500 + 0.8(Y - T) - 300rI = 200 - 400rG = 200NX = 10T = 150 Given the information about the economy above, which expression below also states aggregate expenditure?
A. [910 - 700r] B. [910 - 700r] + 0.8Y C. [790 - 700r] D. [790 - 700r] + 0.8Y