A baby boom will have what immediate effect on the disposable diaper market?
A. Supply decreases.
B. Supply increases.
C. Demand decreases.
D. Demand increases.
Answer: D
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________ analysis by economists refers to the attempt to answer questions such as should a tax be imposed
A) Positive B) Negative C) Normative D) Investigative
Growth in the Solow residual was slowest in the
A) 1950s. B) 1960s. C) 1970s. D) 1980s.
Suppose an airline ticket from Portland to Orlando costs $760 . A bus ticket costs $360 . Traveling by plane will take 6 hours, compared with 26 hours by bus. Other things constant, the minimum value of one's time that would induce a rational individual to fly rather than drive would be
a. $18 per hour. b. $20 per hour. c. $38 per hour. d. $44 per hour.
If the marginal propensity to consume is 0.75, then a $100 increase in disposable income leads to a ________ increase in consumption.
A. $75 B. $25 C. $133 D. $13.33