Over the next few years the number of buyers in the market for sport utility vehicles decreases sharply. As a result, Question 2 options:
A. there is a movement downward along the demand curve for sport utility vehicles.
B. the demand curve for sport utility vehicles shifts leftward.
C. the demand curve for sport utility vehicles shifts rightward.
D. there is neither a shift nor a movement along the demand curve for sport utility vehicles.
B. the demand curve for sport utility vehicles shifts leftward.
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Discouraged workers are people who have:
A. looked for work in the past year but have given up looking because of the condition of the labor market. B. not looked for work in the past year but would take a job if one was offered to them. C. looked for work in the past year but decided to leave the labor market to go back to school, retire, or be a stay-at-home parent. D. not looked for work in over a year because of the condition of the labor market.
The Suffolk System
a. operated similarly to the modern Federal Deposit Insurance Corporation. b. led to lower discount rates on the notes of country banks in New England. c. was established by Nicholas Biddle. d. was used primarily prior to 1863 in Louisiana. e. All of the above.
Because of the free rider problem
a. private solutions to externality problems are often needed b. side payments are needed in order to achieve Pareto improvements c. governmental solutions to externality problems are often needed d. side payments are needed in order to solve externality problems e. private solutions to externality problems are common
At the last board meeting a member proposed that the Marshall Lions Club lower its hamburger price at the Celebrate Marshall Festival. He argued this would sell more hamburgers for charity
a. He is wrong. b. Revenues would decrease. c. Revenues would rise. d. Revenues are not what matters. e. Profits would increase.