Assume the price of tomatoes increases. Which of the following causes would correspond to greater producer surplus?
A) an increase in supply
B) an increase in costs
C) a decrease in supply
D) an increase in demand
D
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Farmers who joined the Greenback Party in the late-19th century felt that
a. the government should make efforts to curb the inflation that the country was experiencing. b. farm prices were too high in comparison to the overall price-level of the economy. c. the government should own all transportation and communication facilities. d. an increase in the money supply would benefit debtors.
Indifference curves that are closest to the origin are preferable to ones that are farther from the origin
a. True b. False Indicate whether the statement is true or false
Payments to households not in exchange for goods and services currently produced are:
A. transfer payments. B. government purchases. C. consumption expenditures. D. investment expenditures.
U.S. Treasury securities are considered to carry no risk spread because:
A. they are the closest thing to default-risk free that an investor can obtain. B. the yields on U.S. Treasury bonds are always low. C. the yields on U.S. Treasury bonds never change. D. the prices of U.S. Treasury bonds never change.