Increased specialization in the computer industry is evidenced by
(a) the types of government policies implemented to aid the computer industry.
(b) the growth of the software industry.
(c) the growth of the manufacturing industry.
(d) the growth of agriculture.
(b)
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Which of the following would cause an increase in the demand curve for oranges?
a. a freeze in Florida (a major orange producing state) b. a new machine that allows orange growers to harvest oranges faster c. a decrease in the price of apples d. an announcement by the FDA that oranges lowers cholesterol
A _______________ is a bond issued by the federal government.
a. municipal bond b. Treasury bond c. corporate bond d. high-yield bond
John Maynard Keynes was the author of the book, The Economics of Welfare, which first addressed environmental problems in terms of externalities
a. True b. False Indicate whether the statement is true or false
For Country A, the world price of textiles exceeds the domestic equilibrium price of textiles. As a result, international trade allows sellers of textiles in Country A to experience greater producer surplus than they otherwise would experience
a. True b. False Indicate whether the statement is true or false