Which of the following would shift the demand curve for new textbooks to the right?
A) A decrease in the price of paper.
B) A fall in the price of used textbooks.
C) An increase in college enrollments.
D) A fall in the price of new textbooks
Answer: C) An increase in college enrollments.
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If U.S. inflation is 2%, Japanese inflation is 1%, and Mexican inflation is 3%, which of the following is true according to the theory of purchasing power parity?
A) The dollar should rise by 1% versus the yen and fall by 1% versus the peso. B) The dollar should rise by 1% versus the peso and fall by 1% versus the yen. C) The dollar should rise by 1% versus both the peso and the yen. D) The dollar should fall by 1% versus both the peso and the yen.
_________ is the value, worth, applicability, productiveness or usefulness of a resource
a. Utility b. Marketability c. Credit d. Cache
As the capital stock grows and technology improves, we would expect the long-run aggregate supply curve to
A) shift right. B) shift left. C) remain the same. D) first shift right, then shift left.
If a company is producing at a level of output at which the long-run average-total-cost curve reaches a minimum, then the company:
a. is experiencing economies of scale. b. is operating at its minimum efficient scale. c. is experiencing increasing returns to scale. d. will shut down. e. is experiencing diseconomies of scale.