What would happen to the demand curve for Coke if Pepsi went on sale at the grocery store?
A. Shift to the right.
B. Shift to the left.
C. Stay the same.
D. Unsure, there's not enough information.
Answer: B
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The total costs of regulation
A) include increased taxes and increased prices of the products being regulated. B) are paid entirely by the regulated industries. C) are much higher than just the explicit government outlays to fund the administration of various regulations. D) are paid entirely by the consumers of regulated industries.
A country's economic welfare most directly depends on
A. what it can produce. B. what its citizens can consume. C. how many goods and services it exports. D. how many goods and services it imports.
If MPC = .5, a simultaneous increase in both taxes and government spending of $20 will:
A. decrease GDP by $20. B. decrease GDP by $40. C. increase GDP by $20. D. increase GDP by $40.
Profits earned in the United States by foreign-owned companies are included in
A. both the U.S. GDP and GNP. B. the U.S. GDP but not GNP. C. the U.S. GNP but not GDP. D. neither the U.S. GDP nor GNP.