If the demand curve facing a firm shifts outward, then
a. there is a decline in the maximum price the firm can charge at each quantity it may want to sell
b. there is an increase in the maximum price the firm can charge at each quantity it may want to sell
c. the firm would need to increase the quantity it wants to sell in order to generate a rise in the price
d. the firm would need to decrease the quantity it wants to sell in order to generate a rise in the price
e. there is a decrease in the maximum quantity the firm can sell at each price it may want to charge
B
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Some argue that tariffs always hurt the imposing country's economic welfare, and are typically designed to shift resources from one sector to another, protected or preferred one, within an economy. Find and discuss a counter example to this argument
What will be an ideal response?
Complete crowding out implies that a government deficit financed by selling bonds to the nonblank public will
A) have no effect on aggregate demand. B) reduce aggregate demand. C) increase aggregate demand. D) reduce aggregate demand in the short run but cause demand to increase in the long run.
Once a division manager sees that production goal for a time period is likely to be met
a. he has an incentive to increase the pace of production b. he has an incentive to decrease the pace of production c. he does not have an incentive to change the pace of production d. he has an incentive to produce other products
The demand for money
a. is the same as the demand for bonds b. is the same as the supply of bonds c. increases whenever the price level falls d. reflects the constraints that people face e. shows the people always demand as much money as possible