Because new plastic and recycled plastic are substitutes, as the price of newly produced plastic increases,
A) the demand curve for recycled plastic shifts to the left.
B) there is a movement up along the demand curve for recycled plastic.
C) there is a movement down along the demand curve for recycled plastic.
D) the demand curve for recycled plastic shifts to the right.
D
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From the date a U.S. patent is granted to a firm, it ceases to be a potential source of monopoly profits after
A) 20 years. B) 14 years. C) 10 years. D) 7 years.
Which of the following statements best describes the central bank response to recession?
a. If recession threatens, the central bank uses a contractionary monetary policy to increase the supply of money, increase the quantity of loans, reduce interest rates, and shift aggregate demand to the right. b. If recession threatens, the central bank uses an expansionary monetary policy to increase the supply of money, increase the quantity of loans, reduce interest rates, and shift aggregate demand to the right. c. If recession threatens, the central bank uses an expansionary monetary policy to increase the supply of money, increase the quantity of loans, reduce interest rates, and shift aggregate demand to the left. d. If recession threatens, the central bank uses an contractionary monetary policy to increase the supply of money, increase the quantity of loans, reduce interest rates, and shift aggregate demand to the left.
A sale of government debt as part of open market operations would be an example of
A. contractionary fiscal policy. B. contractionary monetary policy. C. expansionary fiscal policy. D. expansionary monetary policy.
An example of ________ is an internship program.
A. social capital B. tangible capital C. infrastructure D. intangible capital