Other things constant, a higher price for corn tends to increase
A) the supply of corn.
B) the quantity supplied of corn.
C) the demand for corn.
D) the quantity demanded for corn.
B
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Net exports is a positive number when a nation ________.
A. simply exports goods and services to other nations B. exports more goods and services than it imports C. exports fewer goods and services than it imports D. increases its exports of goods and services
For the use of the employee’s participation in production, an employee receives
a. wages. b. rent. c. interest. d. profit.
A rightward shift of the long-run aggregate supply curve is caused by
A) an increase in the minimum wage. B) an increase in the average duration of unemployment. C) improvements in technology and resource endowments. D) an increase in the GDP deflator.
What is a positive effect of advertising?
A. It can reduce long-run average total cost by promoting economies of scale. B. It promotes brand loyalty and economic concentration in industry. C. It is designed to persuade rather than inform consumers. D. It reduces economic efficiency in the economy.