Which of the following is likely to provide teenagers with the greatest incentive not to buy one more pack of cigarettes?
a. public service television advertisement featuring Jennifer Lopez urging kids to refrain from smoking
b. an additional $2.00 per-pack tax on cigarettes
c. citing moral grounds, Leonardo DiCaprio refuses to play any part in which he will be seen smoking
d. a law prohibits anyone from smoking in public buildings
b
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In the United Kingdom, most doctors are privately employed
Indicate whether the statement is true or false
In the internally generated business cycle, the explanation of why cycles occur focuses on the interaction between
a. saving and investment b. the multiplier and accelerator c. movements from one phase to another d. capital stock and capital deepening e. capital-labor ratios and capital-output ratios
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
According the graph shown, the firm's most efficient scale of operation is to produce quantity:
A. Q1. B. Q2. C. Q3. D. Any quantity as long as P1 is charged.
Which of the following will occur if the aggregate quantity supplied is less than the aggregate quantity demanded?
A. Aggregate demand will shift to the right B. Aggregate supply will shift to the left C. There will be a shortage D. There will be a surplus