Consider a PPC with automobiles on the vertical axis and cotton on the horizontal axis. The discovery of a new fertilizer that improves crop yield will shift:
a. the vertical intercept up but will not shift the horizontal intercept.
b. the horizontal intercept to the right but will not shift the vertical intercept.
c. the horizontal intercept to the left and the vertical intercept upward.
d. the vertical intercept downward and the horizontal intercept to the right.
e. neither the horizontal intercept nor the vertical intercept.
b
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If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, the consumer surplus will ________ if the negotiated price is $1.50 as opposed to $2.00
A) increase B) decrease C) not change D) All of the above are possibilities.
The most common form of trading goods for goods is
A. bilateral trade. B. government commodity distribution. C. status-based trades. D. barter. E. payments in kind.
Explain the principal–agent problem for representative democracy
Please provide the best answer for the statement.
"The United States has fallen behind Japan and most of Europe in terms of competitiveness." Do you agree or disagree? Why?
What will be an ideal response?