The investment demand curve will shift to the right as a result of a(n):
a. Decrease in the acquisition and maintenance cost of capital goods
b. Increase in the excess productive capacity available in the industry
c. Increase in taxes businesses pay to government
d. Decrease in the confidence of business leaders about the economy
a. Decrease in the acquisition and maintenance cost of capital goods
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Refer to Mexico and Japan. What is the cost of producing 1 bolt of clothing in Mexico?
a. 6 hours of labor.
b. 2 bushels of food.
c. 3 bushels of imported Japanese food.
d. 4 bolts of imported Japanese cloth.
Disinflation and deflation mean a decrease in the average price level
a. True b. False Indicate whether the statement is true or false
The fact that the price of diamonds is higher than the price of water
A. can be explained as the outcome of a consumer optimum in consumer choice theory. B. is an outcome of irrational behavior in consumer choice theory. C. cannot be explained by behavioral economics or consumer choice theory. D. can be explained only by behavioral economics but not by consumer choice theory.
Refer to the below table. The resource demand data indicate that the firm is:
A. Buying its resource in an imperfectly competitive market
B. Buying its resource in a perfectly competitive market
C. Selling its product in a perfectly competitive market
D. Selling its product in an imperfectly competitive market