Which of the following causes the aggregate supply curve to rise?
a. An increase in a nation's level of productivity.
b. A decrease in input prices.
c. An increase in the value of the domestic currency.
d. All of these answers are correct.
.D
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Determining “what ought to be” in the economy is considered
a. positive economics. b. normative economics. c. distributive economics. d. mesoeconomics.
Educating girls helps
a. reduce fertility rates b. improve the health of children c. increase pressure on government to create jobs d. promote equal participation in development e. all of the above
Perfect asset substitutability is the assumption that
A) the foreign exchange market is in equilibrium only when expected returns on domestic assets are greater than returns on foreign currency bonds. B) the foreign exchange market is in equilibrium only when expected returns on foreign currency bonds are greater than returns on domestic assets. C) the foreign exchange market is in equilibrium only when expected returns on all assets are negative. D) the foreign exchange market is in equilibrium only when expected returns on domestic assets are equal to returns on foreign currency bonds. E) the foreign exchange market is in equilibrium only when domestic assets are risk-free.
In a collusive oligopoly, joint profits are maximized when a price leader establishes price based on: a. its own demand and cost schedules
b. the market demand for the product and the marginal costs of the various firms. c. the market demand for the product and its own marginal cost schedule. d. the demand curve faced by a typical competitor and its own marginal cost curve.