Which of the following would cause an increase in the market supply of mountain bikes?
A) a decrease in the demand for mountain bikes
B) an increase in taxes levied on mountain bike manufacturers
C) an increase in the cost of components used to assemble mountain bikes
D) an increase in the number of firms making mountain bikes
D
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Suppose the demand for strawberries rises sharply, resulting in an increased price for strawberries. As it relates to strawberry pickers, we could expect the
A. MRP curve to shift to the left. B. MP curve to shift downward. C. MRP curve to shift to the right. D. MRC curve to shift downward.
Fiscal policy is policy aimed at controlling undesired fluctuations in overall spending through changes in
A) government expenditures and taxes. B) government subsidies to marginal business firms. C) interest rates. D) methods of making seasonal adjustments. E) price and wage regulation.
An economics textbook is an example of:
a. capital. b. labor. c. a natural resource. d. entrepreneurship.
The profitability of an investment project will decrease if
a. tax rates decrease. b. real interest rates increase. c. real interest rates decrease. d. business tax deductions increase.