Which of the following decreases the supply of popcorn?
A) a decrease in the price of popcorn
B) an increase in the price of popcorn
C) a technological advance in the production of popcorn
D) a decrease in the number of popcorn producers
D
You might also like to view...
Marginal benefit curves slope
A) upward because of increasing opportunity cost. B) upward, but not because of increasing opportunity cost. C) downward because of increasing opportunity cost. D) downward, but not because of increasing opportunity cost.
The goal of industrial policy should be that
a. industries yielding the largest positive externalities should receive the biggest subsidies. b. any industry that produces negative externalities should be heavily taxed. c. any production process that produces negative externalities should be shut down. d. all industries that produce positive externalities should be equally subsidized.
Which of the following would cause the U.S. dollar to depreciate against the Japanese yen?
A. greater popularity of U.S. exports in Japan B. a higher price level in Japan C. higher real interest rates in the United States D. higher incomes in the United States
Using the table, what is the minimum price that Fred is willing to accept to supply 400 slices of pizza per month?
A) $3.50 B) $2.50 C) $3 D) $4