Tudor's Deli and Catering could have sold their delivery van on December 31, 2010 for $16,000. If they could sell the same van on December 31, 2011, for $13,000, then the economic depreciation in 2011 for this van
A) is $13,000.
B) is $16,000.
C) is $29,000.
D) is $3,000.
D
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What factors are held constant along a given demand curve for a good?
a. the price of the good b. the technology used to produce the good c. the supply of the good d. consumer incomes and the prices of other goods
Tariffs imposed upon U.S. rice imported into Japan tend to
A. harm Japanese consumers and help Japanese rice producers. B. help Japanese consumers and harm Japanese rice producers. C. harm U.S. consumers and harm Japanese rice producers. D. help U.S. consumers and harm Japanese rice producers.
Refer to the diagrams. The solid lines are production possibilities curves; the dashed lines are trading possibilities curves. The trading possibilities curves suggest that the terms of trade are:
A. 1.5 beers for 1 pizza.
B. 1 beer for 2 pizzas.
C. 2 beers for 1 pizza.
D. 1 beer for 1.5 pizzas.
In the IS-LM model, the fiscal multiplier effect can be increased by
A) larger increases in government expenditure. B) expansions of the money supply. C) contractions of the money supply. D) raising the income tax rate.