Which of the following changes shifts the long-run aggregate supply curve to the right?
A. A demographic change that increases the labor supply
B. A decrease in the demand for labor
C. A decrease in taxes (assuming Ricardian equivalence doesn't hold)
D. An increase in consumer confidence
Answer: A
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When U.S. house prices began to fall in 2007:
A. most people negotiated lower mortgage rates, so few were forced to sell their houses. B. banks made it difficult for homeowners to negotiate higher mortgage rates, which led to a decrease in the supply of houses. C. many Americans were forced to sell their homes because they could no longer take out loans against the rising value of their houses. D. the demand for affordable housing increased, leading house prices to stabilize.
Import standards on specific countries usually address issues affecting:
A. domestic consumers. B. domestic producers. C. foreign production practices. D. how goods and services flow from one nation to another.
Centralization of all decision making in an organization is essential to protect the interests of its shareholders
Indicate whether the statement is true or false
National health insurance programs:
A. are usually too costly for developing nations to implement. B. can increase use of health clinics versus traditional village doctors, who often have no medical training. C. are always less efficient than privatized programs. D. have solved the problem of providing high-quality care in places like India.