Having a goal that does not include making a profit can often explain why the unprofitable idea has not been implemented. These types of ideas may include:
A. helping the poor.
B. making great art.
C. promoting social justice.
D. All of these.
D. All of these.
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If a new method is found for obtaining oil from what was once considered exhausted oil fields, then its effect on the economy now will be that
a. the AS curve shifts to the left b. an upward movement along the AD curve will occur c. the AD curve shifts to the left d. the AD curve shifts to the right e. the AS curve shifts to the right
Equilibrium quantity is _____.
Fill in the blank(s) with the appropriate word(s).
If a monopolist produces to a point at which marginal revenue is less than marginal cost then
A. the firm should increase output. B. the firm should reduce output. C. the firm is maximizing profits. D. we do not know if the firm should increase or reduce without more information.
Refer to the diagrams. Other things equal, curve B will shift upward when:
A. the level of GDP increases.
B. the interest rate increases.
C. curve A shifts to the left.
D. curve A shifts to the right.