Judging from this graph, which of the following happens if supply increases and demand remains unchanged?
a. Price falls and quantity rises.
b. Price falls and quantity becomes indeterminate.
c. Price becomes indeterminate and quantity rises.
d. Price increases and quantity falls.
a. Price falls and quantity rises.
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The unregulated, single-price monopolist illustrated in the figure above will set a price of
A) $2.00 per unit. B) $6.00 per unit. C) $8.00 per unit. D) $10.00 per unit.
One of the provisions of the second stimulus bill increased the amount of investment spending that firms were allowed to depreciate for tax purposes from 50% to 100%
This is just one of over 100 temporary tax provisions affecting firms in the United States. Temporary tax breaks such as the increase in depreciation will tend to A) increase investment expenditures because the tax breaks will entice firms to leave other countries and invest in the United States. B) have little impact on current investment expenditures since the tax breaks are temporary. C) increase investment expenditures in both the short run and the long run, since investment is irreversible. D) increase investment expenditures in the short run but also increase the uncertainty and volatility of investment since the tax breaks are temporary.
Which of the following assumptions is true of government spending and taxes?
a. They do not depend upon on the level of GDP b. They may be changed only through direct action by the Congress. c. They change only when the price level changes. d. They change only upon executive order by the president of the United States. e. They are autonomous at low levels of GDP but not at higher levels of GDP.
__________ rights refer to the range of laws, rules, and regulations that define rights for the use and transfer of resources
A) Individual B) Constitutional C) Property D) Economic E) none of the above