When the relationship between two variables changes,
A. The curve becomes linear.
B. The entire curve shifts.
C. There is movement from one point on the curve to another point on the curve.
D. All of the choices are correct.
Answer: B
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A decrease in government transfer payments
A) increases aggregate demand. B) increases the aggregate quantity demanded. C) decreases the aggregate quantity demanded. D) decreases aggregate demand.
Sweet Husks is a perfectly competitive corn farm. Currently, the expected price of an ear of corn is $0.30 and, at its current production level, Sweet Husks has a marginal cost of $.40 per ear. Which of the following statements is true?
A) Because the expected profit from an additional ear of corn is $0.10, Sweet Husks should decrease production to maximize its expected profit. B) Because the expected profit from an additional ear of corn is -$0.10, Sweet Husks should decrease production to maximize its expected profit. C) Because the expected profit from an additional ear of corn is $0.70, Sweet Husks should increase production to maximize its expected profit. D) Because the expected profit from an additional ear of corn is $0.10, Sweet Husks should increase production to maximize its expected profit.
How can advertising reduce firms’ market power?
a. by conveying the prices they charge b. by accusing them of being monopolies c. by creating a demonstration effect d. by misleading consumers
A company requires that all new employees become certified in using Microsoft Office. This investment is in ________ capital.
A. tangible B. productive C. human D. financial