According to this Application, the dry dust wind known as the harmattan has caused ________ of cocoa pods
A) an increase in the supply B) a decrease in the demand
C) a decrease in the supply D) an increase in the demand
C
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If raising taxes or borrowing are your only two choices of financing current expenditures, which would you choose, and why, if you were in charge of setting policy?
What will be an ideal response?
The government of an island nation is running a contest to see who can design a highly efficient desalination machine. The winner will get a contract to build and install the machines in every city along the coast, as well as a $10 million dollar grant for further research. This government is investing in ______.
a. new growth theory b. technology c. human capital d. physical capital
A straight-line production possibilities boundary differs from a concave boundary in which of the following ways?
A) The straight-line boundary shows opportunity cost, whereas the concave boundary does not. B) The straight-line boundary illustrates constant opportunity costs, whereas the concave boundary illustrates increasing opportunity costs. C) A straight-line boundary is associated with a command economy, whereas a concave boundary is associated with a free-market economy. D) The concave boundary illustrates constant opportunity costs, whereas the straight-line boundary illustrates decreasing opportunity costs. E) The straight-line boundary does not show scarcity, whereas the concave boundary does.
When a unit tax of $2 is levied on a product
A) the entire $2 is paid by the consumer. B) the entire $2 is paid by the producer. C) both the consumer and producer pay $2 each. D) the consumer pays part of the $2 and the producer pays the rest.