Which would be considered to be one of the factors that shift the aggregate supply curve in the short run? A change in ________.
A. net exports
B. personal income taxes
C. government regulation
D. consumer spending
Answer: C
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Which of the following is likely to use the concepts of game theory?
A) Deciding on how much to spend on monthly groceries B) Exit decision of competitive firms in the long run C) International trade negotiation D) Pricing decision of a firm operating in a competitive market
According to the table above, would there be trade flows in both directions if the exchange rate were $1 = 1 peso?
What will be an ideal response?
In an optimal two-part tariff pricing schedule, consumer surplus is zero
Indicate whether the statement is true or false
The benefits principle of taxation can be used to argue that wealthy citizens should pay higher taxes than poorer ones on the basis that
a. police services are more frequently used in poor neighborhoods. b. the wealthy benefit more from services provided by government than the poor. c. the poor are more active in political processes. d. the poor receive welfare payments.