A change in the price of a good
A. Results in a change in supply.
B. Results in a change in quantity supplied.
C. Causes a shift in the supply curve.
D. Is a determinant of supply.
Answer: B
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Suppose the marginal tax rate is 37 percent for an income level of $50,000 and 39 percent for an $80,000 income. This implies that the underlying tax structure is _____ in nature
a. fixed b. progressive c. regressive d. lump-sum e. proportional
_____ are changes in fiscal policy that stimulate aggregate demand when the economy goes into recession without policymakers having to take any deliberate action
Fill in the blank(s) with correct word
The entry of China and other developing countries into the global economy ________ the wages of low-skilled workers and ________ the wages of high-skilled workers in the United States
A) lowers; lowers B) raises; raises C) raises; lowers D) lowers; raises
A cartel is a form of
A) collusion. B) vertical merger. C) noncooperative competition. D) negative sum game.