What factor might lead to the opening of several new pizzerias in a town?
(A) The supply of pizza is inelastic.
(B) The price of a slice of pizza has gone up.
(C) The price of a slice of pizza has gone down.
(D) The cost of producing pizza has doubled.
Ans: (B) The price of a slice of pizza has gone up.
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Human capital is acquired
A) only in school. B) only through on-the-job training. C) only through job experience. D) through schooling, job training, and experience. E) only at birth, that is, it's people's inborn talents.
If the efficient-market hypothesis is true, then the idea of:
A. herd instinct holds. B. herd instinct doesn't always hold. C. tulip mania holds. D. tulip mania doesn't always hold.
Principals need to monitor agents
Indicate whether the statement is true or false
Which of the following causes a leftward shift in the short-run aggregate supply curve?
a. An increase of goods prices while nominal incomes are unchanged. b. An increase of full-employment real GDP. c. An increase of personal consumption expenditures while the price level is unchanged. d. An increase in nominal incomes.