In the summer of 2008, consumers indicated that they were less optimistic about the future of the economy. Such a change in sentiment is likely to
a. shift aggregate demand to the left.
b. increase output.
c. decrease unemployment.
d. increase prices.
a
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Which of the following is most likely to be a normal good?
a. trips to the laundromat b. macaroni-and-cheese dinners c. tickets to major league baseball games d. bus rides e. used paperback books
The Sherman Antitrust Act is primarily concerned with
a. mergers b. nationalization c. price discrimination d. monopolization e. unfair and deceptive practices
Which philosophy, advocated by Alexander Hamilton's "Report on Manufactures" as a means to create strong U.S. development, also successfully worked for Germany and Japan?
a. protectionism b. socialism c. isolationism d. capitalism
You should decide to go to a movie:
A. if the marginal cost of the movie exceeds its marginal benefit. B. if the marginal benefit of the movie exceeds its marginal cost. C. if your income will allow you to buy a ticket. D. because movies are enjoyable.