The decrease in the price of a good would
A. cause a movement along the demand curve to a (lower price, higher quantity) point.
B. cause a movement along the demand curve to a (higher price, lower quantity) point.
C. move its demand curve to the left.
D. move its demand curve to the right.
Answer: A
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Who among the following exercises a right to pollute?
A) A cigarette smoker B) An automobile driver C) An owner of a coal-fired electrical utility D) A user of household sprays E) All of the above.
The automobile, breakfast cereal, and tobacco industries are examples of
a. monopolistic competition b. oligopoly c. perfect competition d. monopoly e. monopsony
A lump-sum tax per unit on imports is known as
a. a specific tariff b. an effective tariff c. a specific quota d. an effective quota e. an ad valorem quota
Which of the following would not be classified as a capital resource?
a. The Empire State Building. b. A Caterpillar bulldozer. c. A Macintosh computer. d. 100 shares of stock in General Motors.