If the government increased licensing requirements for beauty salons, the supply curve for salon services would shift to the left
Indicate whether the statement is true or false
True
You might also like to view...
Avner is maximizing total utility by buying sports magazines and protein supplements. For him to buy more sports magazines
A) the price of sports magazines has to fall. B) the price of sports magazines has to rise. C) the price of protein supplements. has to fall. D) Since Avner is maximizing his utility, nothing can change the consumption of sports magazines.
Credit entries on the Balance of Payments are the entries that would
A) mean a loss of foreign exchange. B) bring foreign exchange into the country. C) indicate a surplus exists. D) exist at the bottom line after all accounts are totaled.
What is the best explanation for the fact that the only two political candidates in an election often have very similar stands on the issues during an election?
A. They are logrolling. B. They are behaving according to the median voter rule. C. Democrats and Republicans actually agree on most issues. D. They need to please special interest groups in order to be elected.
Suppose the demand for lawnmowers goes down when the price of gasoline goes up. We can say that these two goods are
A. complements. B. perfect substitutes. C. unrelated goods. D. substitutes.