Which of the following is likely to shift the demand curve for workers in rice farms to the right, assuming all else equal?
A) A decrease in the price of rice B) An increase in the price of rice
C) An increase in the wage rate D) A decrease in the wage rate
B
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The money supply is determined
a. only by the Fed. b. by the Fed and banks. c. by the Fed, banks, and the public. d. by congress. e. by the President.
In economics, a public good
A. Cannot be denied to consumers who have not paid. B. Is provided in an optimal amount by the market. C. Is any good produced by the government. D. Has social costs of production lower than private costs of production.
Demand shifters do not include
A. the price of the good. B. the price of the other goods. C. the consumer's income. D. the level of advertising.
Recall the Application about setting the price of tickets for Major League Baseball games to answer the following question(s).According to the Application, what is the reason that MLB teams are setting the price of their tickets where the marginal revenue was negative?
A. They can get additional revenue from concessions. B. MLB owners only care about popularity. C. TV revenues are way larger than ticket revenues. D. The pricing is set by the Federal Trade Commission.