Which of the following would lead to a short-run market surplus for tomatoes?
A) The price of tomatoes increases.
B) A new government study shows that tomatoes have a greater risk of contamination from salmonella.
C) An increase in the price of potatoes.
D) A decrease in the number of tomato growers.
B
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The period of time in which the level of output moves from a trough to a peak is called a
A) contraction or recession. B) recovery or expansion. C) plateau. D) depression.
One of the strengths of a socialist economy, according to those who advocate such a system, is that government intervention will enable a more equitable distribution of income
a. True b. False Indicate whether the statement is true or false
If corporate profits increase rapidly, the main beneficiaries are its
a. common stockholders b. managers c. bondholders d. preferred stockholders e. convertible stockholders
Rent control is an example of
A) a subsidy for low-skilled workers. B) a price floor. C) a price ceiling. D) a black market.