When there is a change in the quantity demanded it means that
A) the selling price of the products has not changed.
B) the number of products in inventory have increased.
C) the hours the customer can buy products each day have increased.
D) the quantity a consumer is willing to buy changes when the price changes.
D
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Which of the following cost curves always declines continuously as output increases?
a. ATC b. AVC c. AFC d. MC e. TC
A tax on polluting emissions will
a. provide incentives for firms to reduce the volume of polluting materials. b. raise revenue sufficient to eliminate the deficit. c. necessarily lower the price of the products. d. require no agency to administer the tax.
The term shutdown
a. and the term exit both refer to short-run decisions that a firm might make. b. and the term exit both refer to long-run decisions that a firm might make. c. refers to a short-run decision that a firm might make, whereas the term exit refers to a long-run decision that a firm might make. d. refers to a long-run decision that a firm might make, whereas the term exit refers to a short-run decision that a firm might make.
Suppose that in 2015 the nominal exchange rate was 9 Egyptian pounds per dollar, the price of a basket of goods in the U.S. was $600 and the price of the same basket of goods in Egypt was 6000 pounds. Suppose that in 2016 these values were 10 Egyptian pounds per dollar, $620, and 7200 pounds. From 2015 to 2016 U.S. real exchange rate
a. appreciated which by itself would make U.S. net exports fall. b. appreciated which by itself would make U.S. net exports rise. c. depreciated which by itself would make U.S. net exports fall. d. depreciated which by itself would make U.S. net exports rise.