The analysis of how a customer's tastes for cars will change when his wealth triples is under the scope of:
A) ordinal study. B) comparative statics.
C) marginal research. D) Pareto analysis.
B
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At __________ income levels on the LM curve, the interest rate must be __________
A) higher; lower B) lower; higher C) higher; unchanged D) higher; higher
An increase in labor productivity shifts the
A) AD curve rightward. B) AD curve leftward. C) short-run aggregate supply (SRAS) curve leftward. D) SRAS curve rightward. E) none of the above
According to new trade theory, the first mover's ability to benefit from increasing returns ______ for other firms.
Fill in the blank(s) with the appropriate word(s).
Refer to the table below. At a price of $15 per unit, which of the following would exist?
A. A shortage of 1,600 units
B. A surplus of 1,000 units
C. A shortage of 1,000 units
D. A surplus of 600 units