How did the price change in the long run when DSR shifted to DLR?
a. It fluctuated.
b. It remained constant.
c. It decreased.
d. It increased.
c. It decreased.
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The government redistributes income to the poor, primarily through
a. progressive taxes. b. transfer payments. c. government purchases. d. both a and b.
Canadian imports involve an:
A. outflow of foreign currencies from Canada to foreigners. B. inflow of Canadian dollars from foreigners to Canada. C. inflow of foreign currencies from foreigners to Canada. D. outflow of Canadian dollars from Canada to foreigners.
Which of the following is the best example of a network externality?
A. The Internet B. Parks C. Pollution D. Museums
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point B. The opportunity cost of moving from Point B to Point A is the
A. 120 LCD TVs that must be forgone to produce 20 additional OLED TVs. B. 30 LCD TVs that must be forgone to produce 40 additional OLED TVs. C. 20 OLED TVs that must be forgone to produce 30 additional LCD TVs. D. 40 OLED TVs that must be forgone to produce 120 additional LCD TVs.