A tariff shifts the ___________ curve to the ___________.
A. demand; right
B. demand; left
C. supply; right
D. supply; left
D. supply; left
You might also like to view...
The De Beers diamond mining and marketing company of South Africa became one of the most profitable and longest-lived monopolies in history. Which of the following has always threatened De Beers' control of the diamond market?
A) At different times in the past some countries have banned the importation of diamonds from South Africa for political reasons. B) Competition from imitation diamonds. Technology has made it possible to make fake diamonds look exactly like real diamonds. C) Competition from other gemstones, including rubies and emeralds, that have become more popular over time. D) Since few diamonds are ever destroyed, De Beers has constantly faced possible competition from other firms reselling diamonds.
A business organization owned and operated by a group of individuals for their mutual benefit:
a. cooperative b. corporation c. trade association d. limited partnership e. sole proprietorship
Suppose the current market wage rate (w) is $4. In the short run, a firm's marginal cost at the current output level is $2. What is this firm's marginal product of labor?
A) MPL = 0.5 B) MPL = 1 C) MPL = 2 D) MPL = 8
Explain how the asset-price channel of monetary policy works in real estate markets.
What will be an ideal response?