Which will not, ceteris paribus, cause the demand curve for good A to shift?
a. A change in the price of C, a substitute
b. A change in the price of A
c. A change in the price of B, a complement
d. An increase in average income
b. A change in the price of A
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The Bureau of Economic Analysis releases its first estimate of GDP for a particular quarter about a month after the quarter has ended, and continues to release revised GDP estimates for that quarter for
A) three additional months. B) the next 15 months. C) three years. D) more than three years.
Pay-per-view broadcasts are
a. private goods. b. club goods. c. common resources. d. public goods.
Variable costs are zero when quantity is zero because variable costs ______.
a. are the same regardless of output b. are not incurred without production c. are not used to calculate total costs d. are implicit and cannot be quantified
Which of the following statements is TRUE about the success of the World Bank?
A. The World Bank has been successful because it has focused on its primary function of making loans to governments. B. The World Bank has not been successful because it has focused on making loans to governments where there has been a loss of confidence in a nation's financial system. C. The World Bank has not been successful because many loans have been made to countries that can attract private funds. D. The World Bank has been very successful in promoting economic growth because loans have been primarily made to countries that have trouble attracting private funds.