Which of the following would likely cause aggregate demand to shift to the left?
A. Higher tariffs on all imports into the United States
B. Greater consumer confidence about the future
C. Higher interest rates discouraging borrowing
D. All of these would likely cause aggregate demand to shift to the left.
Answer: C
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Which of the following is not necessarily true for a profit-maximizing single-price monopolist?
A) P > ATC B) P > MC C) P > MR D) MR = MC
Answer the following statement(s) true (T) or false (F)
1. According to the Clean Air Act, the newly GHG emissions standards on mobile sources triggered regulatory requirements for stationary sources. 2. Under a bubble policy, a facility is allowed to measure its emissions as an average of all releases from that facility. 3. The Acid Rain Program (ARP) was defined in Title II of the Clean Air Act Amendments of 1990. 4. Under the Acid Rain Program (ARP) as initially outlined in the CAAA of 1990, a cap-and-trade allowance program was established for both SO2 and NOX. 5. Under the cap-and-trade program established under Title IV of the Clean Air Act Amendments of 1990, a permanent annual cap for SO2 was set and tradeable SO2 allowances were issued to stationary sources.
Which of the following offers the best example of derived demand?
A. An increase in the demand for movie tickets causes an increase in the demand for popcorn. B. An increase in demand for movie tickets causes an increase in the demand for movie theatre workers. C. A decline in the demand for cars causes an increase in the demand for bus rides. D. An increase in the demand for cars causes an increase in the demand for gasoline.
What is the difference between a positive and a negative relationship?
What will be an ideal response?