Items bought by businesses to help produce other goods and services are called
A) capital goods.
B) exports of goods and services.
C) government goods and services.
D) productive goods.
E) consumption goods and services.
A
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When demand increases and the demand curve shifts to the right, equilibrium price ________ and equilibrium quantity ________
A) increases; increases B) decreases; decreases C) decreases; increases D) increases; decreases
Other things equal, granting unemployment benefits or welfare benefits to striking workers
A) reduces the likelihood of a strike since management will be more cooperative. B) reduces the costs of a strike to workers and will increase their willingness to strike. C) reduces the likelihood of a strike since union workers make wages significantly above unemployment benefits or welfare payments. D) increases the willingness of management to permit a strike.
According to the Gallup World Values Survey, 40 percent of those living in the poorest quartile of countries would like to:
A. get more education. B. receive more aid. C. trade freely. D. emigrate.
The total fixed cost function
A. is U-shaped. B. is a downward sloping line. C. is an upward sloping line. D. is horizontal.