Which of the following will increase the supply of a good?
a. An increase in the price of another good that producers could produce.
b. A lower price paid for resources used in the production of the good.
c. A decrease in the number of sellers.
d. An increase in taxes paid to the government by producers.
b
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Sail with Us is considering a three-year advertising campaign. The campaign will cost $100,000 at the end of each of the three years. The managers of Sail with Us have estimated that the campaign will generate $80,000 a year in additional profit for the next five years. If the discount rate is 2 percent, what is the net present value of the advertising campaign?
A) $90,213 B) $95,228 C) $78,569 D) $88,68
Give an example of government intervention that is intended to reduce an externality
Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500Real GDP per capita ________ between 2009 and 2010.
A. decreases B. remains constant C. increases D. cannot be calculated
______ has to do with the extent to which the actions of the representatives are in line with the interests of the people.
A. Retrospective voting B. Ideological congruence C. Clarity of responsibility D. Confessionalism