Suppose the U.S. was to experience a series of terrorists' attacks aimed at the electricity grid. This would likely
A. decrease aggregate supply.
B. decrease aggregate demand.
C. increase aggregate supply.
D. increase aggregate demand.
Answer: A
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The disruption to financial markets starting in August 2007 that caused both consumer and business spending to fall
A) shifted the aggregate demand curve to the right. B) shifted the aggregate demand curve to the left. C) shifted the aggregate supply curve to the right. D) shifted the aggregate supply curve to the left.
Which of the following is NOT a condition for price discrimination to exist?
A) downward sloping demand curve faced by the firm B) identification of buyers with differing elasticities C) unpatented product or the service D) ability to prevent the resale of the product or service
Consider an auction with 1,000 risk-neutral bidders. It is known that these bidders have affiliated values. Based on this information, we know the expected revenues for the different auction types will be:
A. First-price, sealed-bid > Second-price, sealed-bid > English > Dutch. B. First-price, sealed-bid = Dutch > English > Second-price, sealed-bid. C. English > Second-price, sealed-bid > First-price, sealed-bid = Dutch. D. English = Second-price, sealed-bid = First-price, sealed-bid = Dutch.
Use the information provided in Table 7.4 below to answer the question(s) that follow. Table 7.4Inputs Required to Produce a Product Using Alternative TechnologiesTechnologyUnits of CapitalNumber of EmployeesA 836B 1224C 1616D 24 12Refer to Table 7.4. Which technology is the most capital intensive?
A. A B. B C. C D. D