If the price of crude oil decreases, then this would most likely:
A. Decrease aggregate supply in the U.S.
B. Increase aggregate supply in the U.S.
C. Increase aggregate demand in the U.S.
D. Decrease aggregate demand in the U.S.
B. Increase aggregate supply in the U.S.
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Refer to the graph shown. If the monopoly firm maximizes profit, it will produce:
A. 25 units of output and producer surplus will be $15.625. B. 30 units of output and producer surplus will be $60. C. 15 units of output and producer surplus will be $16.875. D. 15 units of output and producer surplus will be $28.125.
Saving endangered species
A) benefits all people in society without any trade-off. B) must involve the loss of another species. C) may involve a trade-off in terms of the loss of other economic activities. D) requires the government to list those species as common property.
If 1 U.S. dollar exchanges for 0.69 British pounds, how much would it cost in U.S. dollars and cents to purchase a British chess set priced at 20 pounds?
What will be an ideal response?
Which of the following decreases the price of the dollar relative to the euro?
A. an increase in the supply for euros B. a decrease in the demand for euros C. an increase in the demand for dollars D. a decrease in the supply of euros