Which of the following will NOT change the market supply curve in the short run?
a. An improvement in technology.
b. An increase in the price of a variable input.
c. A change in the price of a fixed input.
d. A per-unit excise tax placed on the producers of a good.
c. A change in the price of a fixed input.
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The table above presents the production possibilities frontier for a nation. Using the information in the table, moving from possibility C to B means that
A) 4 units of capital goods are given up to get 55 units of consumption goods. B) 2 units of capital goods are given up to get 55 additional units of consumption goods. C) 4 units of capital goods are given up to get 10 additional units of consumption goods. D) 4 units of capital goods are given up to get 45 units of consumption goods. E) 2 units of capital goods are given up to get 10 additional units of consumption goods.
Explain how a firm makes an investment decision
What will be an ideal response?
Cashing out capital gains in Virtual Currency System #3 (i.e., turning virtual capital gains into real world currencies) causes the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
How does the prisoners' dilemma game apply to real-life situations?