If the price per barrel of Crude decreases in the international market, then this event would most likely:
a. Increase aggregate demand in the United States
b. Increase aggregate supply in the United States
c. Decrease aggregate supply in the United States
d. Decrease aggregate demand
b. Increase aggregate supply in the United States
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With regard to British trade and commercial policies, all of the following are true except
(a) British trade and commercial policies had been somewhat beneficial, from the colonials' point of view, but now (the 1770s) they had become intolerable. (b) These policies, unlike land, did not take away American rights so much as they attempted to tax the exercise of them. (c) After 1763 the English believed they were free to change their policies drastically to better accomplish the policy goals. (d) By the 1770s, like land, these policies had become insupportable after a long period of relative success.
A firm's price-cost margin:
A. is the amount by which its price exceeds its marginal cost, expressed as a percentage of its price. B. is the amount by which its marginal cost exceeds its average cost. C. is the amount by which its average cost exceeds its marginal cost. D. is the value of its profit.
If a goal of a nation's residents is to increase marginal productivity, they should increase
A) expenditures on education. B) the inheritance tax. C) exports. D) the marginal propensity to consume.
The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit earned by the dominant firm
Indicate whether the statement is true or false