A five-cent container deposit on bottles
A. Makes it more profitable for firms to use these containers.
B. Increases the incentive to recycle.
C. Decreases the incentive to recycle.
D. Encourages pollution.
Answer: B
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In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in
A. saving or an increase in government spending. B. taxes or an increase in government spending. C. interest rates or a decrease in taxes. D. government spending or an increase in taxes.
It is possible to have a comparative advantage in producing a good or service without having an absolute advantage
Indicate whether the statement is true or false
The typical result of an adverse supply shock is
a. falling output accompanied by accelerating inflation. b. falling output accompanied by decelerating inflation. c. rising output accompanied by accelerating inflation. d. rising output accompanied by decelerating inflation.
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a higher cost of production than Sparkle? Cleaners, in? equilibrium, Happy Cleaners will produce? ________ than Sparkle Cleaners and earn an economic profit that is? ________ Sparkle Cleaners.
A) more; less than
B) less; less than
C) less; the same as
D) more; the same as