A voter who "votes with their feet":
A. leaves a community if they disagree with the policies implemented.
B. count the number of their toes.
C. walk many miles to get to the polling station.
D. judge a candidate based on the size of their shoes.
Answer: A
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Use the figure below to answer the following question.
The diagram shows three supply curves for apples today. Which of the following would cause the current supply of apples to shift from S1 to S3?
A. an increase in the number of corn farmers B. expectations of lower apple prices in the future C. a decrease in the price of apples in the market D. expectations of higher apple prices in the future
Refer to Figure 4-3. If the market price is $2.50, what is the consumer surplus on the first ice cream cone?
A) $0.50 B) $1.00 C) $3.50 D) $9.00
How might a court use cross elasticity in an antitrust case?
What will be an ideal response?
If the marginal propensity to consume (MPC) is 0.90, the value of the spending multiplier is 90
a. True b. False Indicate whether the statement is true or false