The above figure shows the market for laptops. Which of the following causes a movement from A to B?
A) a decrease in the number of laptop manufactures and sellers
B) an increase in the cost of hard drives
C) an increase in the productivity of the workers manufacturing laptops
D) a decrease in the price of laptops
E) an increase in the price of laptops
E
You might also like to view...
"New industries need to be protected or they won't have the opportunity to grow up." This is a statement of the __________ argument for trade restrictions
A) national-defense B) infant-industry C) anti-dumping D) tariff E) none of the above
Which of the following measurement issues makes interpretation of U.S. poverty rates difficult?
A. Poverty statistics measure consumption rather than income, and some families may receive income that is above the official poverty line. B. The high cost of living in urban areas tends to result in the understatement of poverty. C. Most people below the poverty line have substantial unreported income. D. The poverty rate is adjusted for every urban and rural area, so people's poverty status changes whenever they move.
Which of the following statements about pollution or pollution control is TRUE?
A. The optimum amount of pollution abatement is where the total benefits of pollution abatement equal the total costs of pollution abatement. B. Private costs of pollution usually exceed social costs. C. A tax to reduce pollution levels should be based on the economic damages rather than on the absolute amount of pollution. D. A nationwide uniform tax on emissions is the appropriate way to reduce pollution levels.
The market demand curve for money is
A. Upward-sloping to the right because people wish to hold more money at higher interest rates and less money at lower interest rates. B. Vertical because it is a fixed amount regardless of changes in the interest rate. C. Downward-sloping to the right because people wish to hold less money at higher interest rates and more money at lower interest rates. D. Horizontal because it is determined by the individual.