Recently, Skooterville has experienced a large growth in population. As a result, the demand curve for telephone service in Skooterville:
A) has shifted to the right.
B) has shifted to the left.
C) has shifted down.
D) Both B and C are correct.
E) none of the above
A
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A student at New York University used to take the Redhound bus when she visited her grandmother in Boston
After graduating, although the bus fare and the plane fare were the same as they were when she was a student, with a well-paid job on Wall Street she now takes the plane to Boston to visit her grandmother. For this student, travel by Redhound bus is A) a normal good. B) an inferior good. C) a substitute good. D) a complement good. E) a good with negative preferences.
What determines the supply of a nonrenewable natural resource?
What will be an ideal response?
Trade restrictions result in all of the following except one. Which is the exception?
a. higher prices b. fewer choices c. improved quality d. misallocation of resources e. reduced competition
National income minus personal taxes net of transfer payments equals disposable income
a. True b. False Indicate whether the statement is true or false