If global pollution causes climatic changes that permanently harm crop production worldwide, aggregate supply and demand analysis would lead us to expect _____
Fill in the blank(s) with the appropriate word(s).
an increase in the price level.
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Melissa has an income of $240 a month to spend on tennis lessons and concert tickets. The price of a tennis lesson is $20, and the price of a concert ticket is $40. Melissa's real monthly income in terms of concerts is
A) 40. B) 20. C) 6. D) 12.
If a competitive firm is losing money then it should:
a. always shut down. b. shut down if its losses are greater than total fixed costs. c. shut down if its total fixed costs are greater than losses. d. raise its price.
"Happy birthday to you, happy birthday to you . . .". You get a birthday gift of $10 from Auntie Diane and you rush out to buy a T-Shirt. According to GDP accounting, the $10 is a(n)
a. consumption expenditure b. investment expenditure c. income payment d. transfer payment e. royalty
The 1974 federal legislation that exempted employers from certain state laws governing health insurance was:
a. HIPAA. b. CON. c. SCHIP. d. ERISA. e. COBRA.