A good that is most likely to be in the producer price index is:
A. industrial machinery.
B. SUV.
C. spaghetti.
D. All of these are in the PPI.
A. industrial machinery.
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A country has a current account deficit if it is saving more than it is investing domestically.
Answer the following statement true (T) or false (F)
Refer to Figure 3.2, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, what is the market quantity supplied at a price of $20?
A. 0 B. 100 C. 150 D. 200
Tariffs
A. may be imposed either to raise revenue or to shield domestic producers from foreign competition. B. are excise taxes on goods exported abroad. C. are per-unit subsidies designed to promote exports. D. are also called import quotas.
If the demand for insulin is inelastic, an increase in insulin prices leads to
A) less total revenue for insulin makers. B) more total revenue for insulin makers. C) no change in total revenue for insulin makers. D) first a decrease, then an increase in total revenue for insulin makers. E) Total revenue probably changes, but we need more information about the change in total expenditures on insulin to determine if the total revenue rises, falls, or stays the same.