Related to the Economics in Practice on page 68: One explanation for the increase in the price of the Baltimore newspaper is the increase in the cost of newsprint. This would cause the ________ of Baltimore newspapers to ________.
A. quantity supplied; increase
B. supply; increase
C. quantity supplied; decrease
D. supply; decrease
Answer: D
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Which of the following groups lists the four factors of production?
A) labor, capital, land, entrepreneurship B) labor, capital, land, money C) labor, money, land, entrepreneurship D) labor, capital, money, entrepreneurship
Most of the growth in plastic card use has been in
A) credit cards. B) debit cards. C) online purchases. D) electronic transfer.
Productivity growth is closely linked to the average level of:
a. age. b. education. c. technology. d. wages.
During the late 1990s, Japan experienced reductions in the GDP deflator. Given this information, we know with certainty that
A) real GDP fell during these periods. B) real GDP did not change during these periods. C) the overall price level in Japan decreased during these periods. D) both real GDP and the overall price level decreased during these periods.