If quantity demanded is greater at each price, we say that there has been
A. an increase in supply.
B. an increase in demand.
C. a decrease in supply.
D. a decrease in demand.
B. an increase in demand.
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According to the World Bank, remittances from its workers abroad accounted for what portion of Mexico's GDP in 2011?
A. 1% B. 3% C. 10% D. 20%
Investment is
A) spending by businesses on things which can be used to produce goods and services in the future. B) the production of goods for immediate satisfaction. C) the purchasing of stocks and mutual funds. D) goods bought by households.
Sammy has a drone that he values at $1,500. Dean values the same drone at $2,000. Sammy decides to sell the drone to Dean for $1,800. If the government imposes a $350 tax on the sale of drones,
A) Sammy and Dean would not be able to complete the transaction. B) Sammy and Dean would still be able to complete the transaction. C) the tax would cause a deadweight loss of $500. D) Both A and C are correct.
If government regulators make the natural monopolist set price equal to marginal cost
A) the natural monopolist will make zero economic profits. B) the natural monopolist will make normal profits. C) the natural monopolist will make losses and go out of business. D) the natural monopolist will make positive economic profits larger than if it wasn't regulated at all.