Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogurt would be predicted to do all of the following EXCEPT
A) raise the equilibrium price of frozen yogurt.
B) increase the quantity supplied of frozen yogurt.
C) increase the supply of ice cream.
D) increase the demand for frozen yogurt.
C
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Governments often intervene in international trade and impose quotas to
A. shift a nation's production possibilities frontier. B. improve the performance of multinational corporations. C. increase revenues from export subsidies. D. protect domestic industries from foreign competition.
According to the Ricardo-Barro effect, what is the effect on the real interest rate of a government budget surplus?
What will be an ideal response?
What is meant by accommodation?
Which of the following is true?
A. ATC = AVC - AFC B. TVC/Q = TC/Q + TFC/Q C. ?TC/?Q = ?AVC/?Q D. ?TC/?Q = MC