In moving along a stable demand curve, which of the following is not held constant?
A. Price expectations
B. Prices of complementary goods
C. Price of the product for which the demand curve is relevant
D. Consumer incomes
Answer: C
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Suppose Bev's Bags makes two kinds of handbags-large and small. Bev rents an industrial space where she keeps the fabric, the industrial sewing machine, her measuring board and cutting shears, extra needles, thread and buttons, and labels. If Bev were to produce no bags, which of the following is true regarding Bev's costs?
A. The variable cost of fabric would drop to zero. B. The fixed cost of thread would stay the same. C. The variable cost of cutting shears would drop to zero. D. All of these are true.
The labor-force participation rate of a country is 20%. The number of employed and unemployed people are 50 million and 20 million, respectively. The adult population of the country is _____
a. 70 million b. 120 million c. 450 million d. 350 million
The government uses market share figures contained in the ________to help determine whether or not it will challenge a proposed merger.
A. antitrust prohibition ratio B. Herfindahl-Hirschman Index C. concentration ratio D. Cellar-Kefauver Index
In 2012, corporate income taxes contributed about what percentage of U.S. Federal tax revenues?
A. 10 percent B. 25 percent C. 50 percent D. 70 percent