Ceteris paribus, a change in the quantity supplied along the supply curve of Braun coffee makers is:

a. directly related to the price of a Morphy Richards coffee maker.
b. directly related to the price of milk and cream.
c. directly related to the prices of inputs used in the production of Braun coffee makers.
d. directly related to changes in the technology used in producing coffee makers.
e. directly related to the price of a Braun coffee maker.


e

Economics

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It has been found that

A. less-developed countries have more equality of income distribution. B. more-developed countries have more equality of income distribution. C. only prior communist countries have more equality of income distribution. D. income distribution cannot be measured among countries with different political and economic systems.

Economics

If the price of one good changes, what happens to the relative price and the slope of the household's budget line?

What will be an ideal response?

Economics

The argument that each person should pay taxes according to how well the individual can shoulder the burden is called

a. the ability-to-pay principle. b. the equity principle. c. the benefits principle. d. regressive.

Economics

Refer to the information provided in Figure 7.4 below to answer the question(s) that follow.  Figure 7.4Refer to Figure 7.4. The average product of four workers is

A. 2. B. 12.5. C. 20. D. 34.

Economics