Other things constant, which of the following would most likely cause the supply of garden hoses to decrease?
a. an increase in the price of plastic used to make garden hoses
b. a technological advance that lowers the cost of producing garden hoses
c. the occurrence of a very dry year with little rain
d. a decrease in the price of grass seed
A
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In monopolistic competition, each firm's marginal revenue curve has a ________ and its demand curve has a ________
A) slope equal to zero; slope equal to zero B) slope equal to zero; negative slope C) negative slope; a slope equal to zero D) negative slope; negative slope
Income mobility studies suggest that poverty
a. cannot be alleviated by privately sponsored anti-poverty programs. b. cannot be alleviated by government sponsored anti-poverty programs. c. is a long-term problem for a relatively large number of families. d. is not a long-term problem for most families.
If income is equal to total spending, then in a closed economy, it is equal to:
A. consumption plus investment spending. B. savings minus investment. C. consumption minus investment spending. D. savings plus investment.
From the highest to the lowest, the percentage of profits earned by businesses in the United States is represented by which of the following?
A) sole proprietorships, partnerships, corporations B) partnerships, corporations, sole proprietorships C) corporations, partnerships, sole proprietorships D) corporations, sole proprietorships, partnerships