Ceteris paribus which of the following is likely to cause an outward shift of the production possibilities curve?
A.) Investment in telecommunications networks.
B.) The deportation of illegal immigrants.
C.) An increase in the unemployment rate.
D.) A tax increase on factors of production.
A.) Investment in telecommunications networks.
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Which of the following statements is true?
A) Interest rates are directly related to the price of old or existing bonds. B) The monetarist transmission mechanism is indirect whereas the Keynesian transmission mechanism is direct. C) The interest rate is the opportunity cost of holding money. D) a and b E) a, b and c
If future consumption is a normal good, the interest rate/borrowing relationship cannot be upward sloping.
Answer the following statement true (T) or false (F)
If both rich and poor families pay 25 percent of their income in taxes, the tax scheme is ________
A) proportional B) regressive C) negative D) progressive
A movie theater is a price-discriminating monopolist and charges a higher ticket price for late-evening showings. From this we know that:
A. late-evening moviegoers have less elastic demands than daytime or early-evening moviegoers. B. late-evening moviegoers have perfectly inelastic demand schedules. C. late-evening moviegoers have more elastic demands than daytime or early-evening moviegoers. D. daytime and early-evening moviegoers have perfectly elastic demands.