An unintentional consequence of using mail-in ballots in a small community is:
A. decreased costs associated with voting.
B. decreased pressure from others to fulfill their civic duty.
C. increased costs associated with tallying the votes.
D. increased pressure from government to vote.
B. decreased pressure from others to fulfill their civic duty.
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The rate of output at which the price level has no tendency to rise or fall is called the
A) natural rate of output. B) potential level of income. C) bliss point. D) efficient level of output.
The price of peanuts increases. At the same time, we see the price for Jelly rise. How does this affect the market for peanut butter?
a. The demand curve will shift to the left; the supply curve will shift to the left b. The demand curve will shift to the left; the supply curve will shift to the right c. The demand curve will shift to the right; the supply curve will shift to the left d. The demand curve will shift to the right; the supply curve will shift to the right
Consider a firm with the following cost and revenue information: ATC = $8, AVC = $7, and MR = MC = $6 . If the firm produces Q = 60 in the short run, it:
a. is minimizing losses. b. makes a total loss of $60. c. should produce more output. d. is making a mistake and should shut down. e. is maximizing total profit.
Which of the following is the largest single component of the market basket used to compute the consumer price index (CPI)? a. Food and beverages. b. Housing
c. Transportation. d. Medical care.