A good that is rival in consumption is one that someone can be prevented from using if she did not pay for it
a. True
b. False
Indicate whether the statement is true or false
False
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Total physical product shows what happens to the quantity of a firm’s output when that firm changes the quantity of an input in the production process.
Answer the following statement true (T) or false (F)
Since its inception in 1913, there have been many revisions to the income tax code.
A. True B. False C. Uncertain
Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidize the home-construction industry by giving the home-construction companies $10,000 for every house that they build. As a result of this,
A) the supply curve of new houses would shift leftward, since it now costs $10,000 more for builders to produce a house. B) the demand curve for new houses would shift rightward, since now every family would want to buy a house. C) the demand curve for new houses would shift leftward. D) the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price. E) c and d
xplain how technology can shift the supply curve to the right.
What will be an ideal response?