Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price.
Select whether the statement is true or false.
A. True
B. False
A. True
This statement is true. Economists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price.
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The table gives the demand and supply schedules for boat rides. If the supply of boat rides increases by 20 rides a day, the price will ________
A) remain unchanged B) fall to $6 a ride C) rise to $6 a ride D) rise to $10 a ride
If the government legislates policies that block imports of solar panels and gives domestic manufacturers a $5 billion-dollar tax subsidy, the benefits to the U.S. solar panel manufacturing and distribution industry will be very visible. The bearers of the cost of the tax subsidy _____.
a. are easy to identify b. also fit this pattern of identifiable winners c. will have their interests counterbalanced over time d. are more anonymous
In general, Democrats tend to prefer
a. higher marginal tax rates to promote vertical equity, while Republicans tend to prefer lower marginal tax rates to promote incentives to work and save. b. lower marginal tax rates to promote vertical equity, while Republicans tend to prefer higher marginal tax rates to promote incentives to work and save. c. higher marginal tax rates to promote incentives to work and save, while Republicans tend to prefer lower marginal tax rates to promote vertical equity. d. lower marginal tax rates to promote incentives to work and save, while Republicans tend to prefer higher marginal tax rates to promote vertical equity.
Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if ?=0.75 then growth of output can be estimated to be:
A. 4.75%. B. 4.00%. C. 4.25%. D. 6.00%.