Other things being equal, an increase in wages paid to workers in firms making digital devices will cause
A) the quantity of digital devices demanded to increase.
B) the quantity of digital devices supplied to decrease.
C) the supply of digital devices to decrease.
D) the demand for digital devices to decrease.
C
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Using the figure above, suppose a subsidy of $15,000 per student is provided to private colleges. When the market is in equilibrium, marginal social benefit ________ marginal cost, and the number of students enrolled is ________
A) exceeds; above the efficient quantity B) exceeds; below the efficient quantity C) is below; above the efficient quantity D) is below; below the efficient quantity E) equals; efficient
There is a tendency for inflation rates to fall in countries that use inflation targeting
a. True b. False Indicate whether the statement is true or false
For which of the following categories of goods is demand likely to be the most price elastic?
a. automobiles b. foreign-made automobiles c. foreign-made sports cars d. a BMW sports car
An argument for tariffs that has some validity is
a. the infant-industry argument. b. the leveling-the-playing-field argument. c. the retaining-money-at-home argument. d. All of these.