Which of the following would be considered open-access common property?
A) a library
B) the world wide web
C) a company gym
D) broadcast television
A
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A graph shows the average wage of various demographic groups in 2012. The kind of graph used to show these data would be a
A) scatter diagram. B) time-series graph. C) cross-section graph. D) Venn diagram. E) fixed-year figure.
Along the short-run aggregate supply curve (SRAS), an increase (rightward shift) in the aggregate demand curve will increase: a. both the price level and real GDP
b. real GDP without raising the price level. c. the price level without affecting real GDP. d. the price level but reduce real GDP.
Many economists believe that restrictions against ticket scalping result in each of the following except
a. a smaller audience for cultural and sporting events. b. shorter lines at cultural and sporting events. c. less tax revenue for the state. d. an increase in ticket prices.
A rise in government spending will cause a(n):
a. Increase in aggregate demand b. Decrease in prices c. fall in aggregate demand d. decrease in real domestic output