Recently, many cities have attempted to pass laws taxing the sale of sugary drinks such as soda pop. If one of these laws passes, we would expect
A) the supply curve for soda pop to shift to the right.
B) the supply curve for soda pop to become more vertical.
C) the demand curve for soda pop to shift to the right.
D) the demand curve for soda pop to shift to the left.
D
You might also like to view...
The demand curve faced by a monopolistically competitive firm is
A) horizontal. B) vertical. C) downward sloping. D) upward sloping.
In games, rules:
A. define the actions that are allowed in a game. B. need to be loosely adhered to in order to predict an outcome. C. define the winners of a game. D. outline the wrong choices that could be made in a game.
Increases in resources or improvements in technology will cause the production possibilities frontier to
a. shift outward b. shift inward c. become a straight line d. become horizontal e. become vertical
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real GDP and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. Real GDP falls, and reserve-related (central bank) transactions become more negative (or less positive). b. Real GDP falls and reserve-related (central bank) transactions remain the same. c. Real GDP and reserve-related (central bank) transactions remain the same. d. Real GDP rises, and reserve-related (central bank) transactions remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.