An upward-sloping supply curve suggests that producers

A) sell less at higher prices.
B) sell more at lower prices.
C) plan to sell more at a given, higher price.
D) ignore marginal costs of production, and only focus on the demand for their product.


C

Economics

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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

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Why are there superstar baseball players but no superstar chiropractors?

What will be an ideal response?

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Tom, Mary, and Jill have apartments in the same building. Installing a security system for their building would cost $750 . Tom is willing to pay $100 for the security system, Mary is willing to pay $300, and Jill is willing to pay $300 . They meet to vote on whether to pay $250 each. The system will be installed if at least two of them vote for it. After the meeting, the security system will

_____, and this illustrates _____. a. be installed; the free rider problem b. not be installed; the free rider problem c. be installed; a negative externality d. not be installed; a negative externality

Economics

Which of the following explains why the U.S. poverty threshold increased from $3,000 per year in 1963 to $25,000 per year in 2017?

A. Inflation has caused the price for basic necessities to increase since 1963. B. Americans are more spoiled now than they were in 1963. C. The threshold includes more luxury items now than it did in 1963. D. The government has become more benevolent than it was in 1963.

Economics