According to this Application, the longer than usual harmattan has impacted the supply curve for cocoa pods, shifting the supply curve to the ________ due to a(n) ________ in cocoa yields
A) right; decrease B) left; decrease C) right; increase D) left; increase
B
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At the competitive equilibrium quantity supplied equals quantity demanded in all markets
Indicate whether the statement is true or false
Which of the following is the best example of a tariff? a. a tax placed on all small cars sold in the domestic market
b. a limit imposed on the number of small cars that can be imported from a foreign country. c. a subsidy from the U.S. government to domestic manufacturers of small cars so they can compete more effectively with foreign producers of small cars. d. a $100-per-car fee imposed on all small cars imported.
One problem with antitrust laws is that they:
A. blunt firms' incentives to cut costs. B. encourage too many mergers. C. may prevent companies from achieving economies of scale. D. are too recent to be understood by most lawyers.
If we look back in history, why has the role of creating money fallen to central banks?
What will be an ideal response?