Which would cause an increase in the supply curve of cell-phone services?
A. A decrease in the wages of phone-company workers
B. An increase in the price of cell-phone services
C. An increase in the taxes paid by cell-phone service providers
D. A decrease in a subsidy given to cell-phone service providers
Answer: A
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It is impossible for corporations to avoid trading their own gain against others' lives
Indicate whether the statement is true or false
A firm is operating with an optimal combination of inputs. Suddenly the price of one input rises. The firm should
A. buy less of that input and more of the other input. B. change its input mix so that the marginal physical product of the input whose price has risen falls and the marginal physical product of the other input rises. C. buy less of whichever input now has the highest money price and more of the other input. D. reduce its output.
Which of the following examples is most likely part of the underground economy?
a. Sam opens a hot dog stand at a busy intersection of a city. b. Avery trades in a used car to an automobile dealership. c. Hudson earns money going from house to house offering to shovel snow. d. Chloe sells official team souvenirs outside of a ballpark.
In Macroland, potential output equals $100 trillion and the natural rate of unemployment is 4 percent. If the actual unemployment rate is 3 percent, then real GDP equals:
A. $97 trillion. B. $98 trillion. C. $102 trillion. D. $101 trillion.