A change in a relevant factor other than the price of the good itself causes a ________ the demand curve, and a change in a good's own price causes a ________ the demand curve
A) shift of; shift of
B) shift of; movement along
C) movement along; shift of
D) movement along; movement along
B
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Refer to the scenario above. What will the balance in Tom's account be after five years if he deposits $3,000 in the bank?
A) $3,222.64 B) $3,400 C) $4,014.68 D) $4,111.78
In a market economy, the amount of a good that is produced is primarily decided by the interaction of: a. buyers and sellers
b. all consumers. c. producers and input suppliers. d. producers and government planning committees.
Which of the following firms best fits the definition of a monopoly?
A. General Motors B. Exxon Mobil C. Local electric utility D. AT&T
A progressive income tax is defined as a tax for which
A) total taxes paid increase with the level of income. B) total taxes paid are independent of the level of income. C) the average tax rate increases with the level of income. D) the average tax rate decreases with the level of income.