Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to
a. Shift to the left, causing the prices of carrots to rise
b. Shift to the left, causing the prices of carrots to fall
c. Stay the same
d. The supply curve does not shift. Only the demand curve shifts.
a
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A game in which each player has a dominant strategy of defecting, and each ends up worse off than if they had both cooperated is called
A) a pure coordination game. B) a prisoner's dilemma game. C) an assurance game. D) a battle of the sexes game.
Refer to the scenario above. if the investor plans to invest a sum of $4,000, the net present value of Option C is:
A) -$1,236.36. B) -$337.56. C) $516.80. D) $1,800.79.
The budget line ________
A) shows the limits to a household's consumption choices B) illustrates a household's preferences C) defines a household's consumption when prices change D) shows the income a household needs to be able to buy goods and services
Suppose the U.S. dollar gains strength against the euro (and against other major currencies). This strengthening of the dollar will cause which of the following to occur?
A. The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the right. B. the aggregate demand curve will shift to the left and the short-run aggregate supply will shift to the left. C. The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the left. D. The aggregate demand curve will shift to the left and the short-run aggregate supply will shift to the right.