Students can rent a Blu-ray movie at Campus Video for $4. As the price of Blu-ray players fall, the
A) quantity supplied of Blu-ray movies will decrease.
B) demand for Blu-ray movies will increase.
C) supply of Blu-ray movies will decrease.
D) quantity demanded of Blu-ray movies will increase.
B
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
In the English market, colonial tobacco was ______________ Spanish tobacco
a. more expensive than b. less expensive than c. priced similarly to d. more heavily taxed than
Probably the toughest part of creating a good mitigation strategy for global climate change is that it is
A. an economics problem. B. an issue that lacks public support. C. not certain that global climate change is even occurring. D. an international problem.
Conglomerate integration:
A. improves cash flow by exploiting the cyclical nature of different product lines. B. exploits economies of scope by merging the production of similar products. C. reduces the transaction costs of acquiring inputs. D. All of the statements are correct.