Small countries might produce more of a particular good than their domestic citizens can consume
A) if they are willing to take a loss on the goods produced.
B) if there are increasing returns to scale and export of the surplus is possible.
C) when arbitrage is possible.
D) if they are producing seasonal products.
B
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An increase in expected future income will ________.
A. increase aggregate supply B. increase aggregate demand C. decrease aggregate demand and aggregate supply D. increase aggregate demand and aggregate supply
The figure above shows Clara's demand for CDs. If the price of a CD were to increase from $15 to $25, Clara's total consumer surplus for all the CDs she buys would
A) decrease by $40. B) remain unchanged. C) decrease by $90. D) increase by $80.
Shares of ownership in a corporation are known as
A. Corporate stock. B. Corporate bonds. C. Savings bonds. D. Retained earnings.
Market equilibrium occurs when
A. the quantity demanded equals the quantity supplied. B. the market is changing rapidly. C. other things remain the same. D. buyers get the lowest possible price. E. everyone who wants the good gets the quantity he or she wants.