If the price of automobiles were to decrease substantially, the demand curve for public transportation would most likely
A) shift right.
B) shift left.
C) remain unchanged.
D) remain unchanged while quantity demanded would change.
B
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Which of the following would increase GNP in the United States?
A) an increase in the production of Japanese-owned Toyota cars in the U.S. B) an increase in the production of Japanese-owned Toyota cars in Mexico C) an increase in the production of Mexican-owned Grupo Minsa corn in the U.S. D) an increase in the production of U.S.-owned General Motors cars made in Mexico
A cafeteria is willing to produce 100 cups of coffee when the price is $1 and 150 cups of coffee when the price is $1.30, other things being equal. The price elasticity of supply of coffee is
A) 1.53. B) 0.67. C) 0.10. D) 0.50.
New Deal environmental policies included all of the following except:
a. withdrawal of much of the public domain from private entry. b. the use of the "soil bank" to encourage agricultural conservation. c. projects such as the TVA that simultaneously protected many resources in a region. d. the establishment of Yellowstone as a national park.
With a negative income tax providing a minimum of $20,000 and a tax rate of 25 percent, what amount of supplement would the government pay to a household earning $10,000?
A. $5,000 B. $10,000 C. $17,500 D. $20,000