Other things constant, which of these is likely to increase the supply of tomatoes in the market?
What will be an ideal response?
a decrease in the cost of fertilizer for tomato plants
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In the aggregate expenditures diagram, the 45° line represents the equilibrium condition that
A. Y* = Y. B. AE = C + I + G + NX. C. I = C. D. Y = AE.
A single production possibilities frontier assumes
A) a given set of resources. B) only one good can be produced from a given set of resources. C) resources are free. D) there are no opportunity costs of production. E) all of the above.
In a two country world, at least one country must lose from trade
Indicate whether the statement is true or false
The consumer price index was 200 in 2008 and 190 in 2009 . The nominal interest rate during this period was 4.5 percent. What was the real interest rate during this period?
a. - 0.75 percent b. - 0.5 percent c. 9.5 percent d. 9.75 percent