Which of the following would lead to an increase in aggregate demand?
a. an increase in consumer confidence
b. a decrease in the overall price level
c. an increase in input prices
d. all of the above
a
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Which of the following is a valid reason to consider government regulation?
a. Seeking some social objective that markets do not achieve. b. Fear that capitalism will prove too productive. c. Desire on the part of government to be useful. d. Requests for protection from an industry. e. All of the above.
What would happen if you increased the price to $3 and increased the quantity supplied to 4,000 pounds?
a. You would maintain the same shortage.
b. You would lessen the shortage.
c. You would reach equilibrium.
d. You would create a surplus.
Refer to the above figure. Constant returns to scale exist
A. up to output Q2. B. after Q5. C. over the entire long-run average cost curve. D. from Q2 to Q5.
The demand for microwaves in a certain country is given by: D = 8,000-30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then this country will ________ microwaves.
A. export B. import 400 C. import 800 D. export 800