A movement from point J to point M would represent
A. an increase in consumer goods, but not capital goods.
B. an increase in capital goods, but not consumer goods.
C. an increase in both capital goods and consumer goods.
D. no increase in either capital goods or consumer goods.
B. an increase in capital goods, but not consumer goods.
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Consumer surplus increases whenever the price of a good increases
a. True b. False Indicate whether the statement is true or false
If a local government eliminates the tax exemption on municipal bonds, we'd expect to see:
A. municipal bonds will become more attractive to investors. B. an increase in the yield on taxable bonds. C. a decrease in the gap in yields on taxable and tax-exempt bonds. D. a decrease in the yield on municipal bonds.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The best point for society would be
A. either Point B or Point C, as the total amount being produced at either of these points is approximately the same. B. at any of the labeled points, as all of the points represent an efficient allocation of resources. C. Point C, as at this point there are approximately equal amounts of LCD and OLED televisions being produced. D. indeterminate from this information, as we don't have any information about the society's desires.
ADT, the home security company, advertises the need for home surveillance products to appeal to which level of Maslow's Hierarchy of needs?
A. safety B. self-actualization C. love D. esteem E. physiological