Which of the following would be the best example of a public good?
a. a candy bar
b. a painting by Monet
c. a taxi cab ride
d. a beautiful sunset
e. a crowded beach
D
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An increase in the demand for GM automobiles results in:
A. an increase in the supply of GM automobiles. B. a lower equilibrium price for GM automobiles. C. an increase in the quantity supplied of GM automobiles. D. a lower equilibrium quantity of GM automobiles.
The Federal Reserve's primary monetary policy-making body is the
A) Federal Open Market Committee. B) Council of Economic Advisors. C) Federal Advisory Council. D) Federal Deposit Insurance Corporation.
If the demand for eBook readers increases and the supply of eBook readers increases, then
A) it is clear that prices will increase, the change in the quantity of eBook readers sold is ambiguous. B) it is clear that prices will decrease, the change in the quantity of eBook readers sold is ambiguous. C) it is clear that quantity sold will increase, the change in the price of eBook readers is ambiguous. D) it is clear that quantity sold will decrease, the change in the price of eBook readers is ambiguous.
The community indifference curves illustrate the technological capabilities of a country.
Answer the following statement true (T) or false (F)