Increases in the wage rates of coal miners and decreases in the price of natural gas would cause the price of coal to
A. rise, but the equilibrium quantity of coal would rise or fall depending on the magnitude of the changes.
B. rise, fall, or remain unchanged depending on the magnitude of the changes, but the equilibrium quantity of coal would increase.
C. fall, but the equilibrium quantity of coal would rise or fall depending on the magnitude of the changes.
D. rise, but the equilibrium quantity of coal would fall.
E. rise, fall, or remain unchanged depending on the magnitude of the changes, but the equilibrium quantity of coal would fall.
Answer: E
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If the national incomes of our trading partners increase, then our aggregate demand ________.
A. decreases because consumption decreases B. increases because net exports increase C. decreases because net exports decrease D. increases because consumption increases
Research indicates that on average, state government unions have
A) raised wages to 20 percent above nonunionized government workers. B) raised wages 25 to 30 percent above nonunionized private-sector and government workers. C) raised wages about 100 percent above similar workers in the nonunion private sector. D) have not significantly raised wages above similar workers in the nonunion sector.
When a country allows international trade and becomes an importer of a good,
a. domestic producers of the good become better off. b. domestic consumers of the good become worse off. c. the gains of the winners exceed the losses of the losers. d. All of the above are correct.
Which rule below would most likely produce movie theater congestion:
What will be an ideal response?