Which of the following would cause a rightward shift of the supply curve for cell-phone services?
A. an increase in the price of cell-phone services
B. a decrease in a subsidy given to cell-phone service providers
C. a decrease in the wages of workers employed by cell-phone companies
D. an increase in the taxes paid by cell-phone service providers
Answer: C
You might also like to view...
Jake just bought a new hockey stick. When he was leaving the shop, he thought that he such a great deal and would have paid $50 more dollars for the stick. Jake received
A) producer surplus. B) equilibrium. C) marginal cost. D) total surplus. E) consumer surplus.
A decrease in the real interest rate outside of the United States will cause the dollar to ________ relative to other currencies and ________ net exports and real GDP
A) appreciate; increase B) appreciate; reduce C) depreciate; increase D) depreciate; reduce
Unlike Classical growth theory, new growth theory emphasizes the importance of:
A. the law of diminishing marginal productivity. B. population growth. C. human capital. D. technology.
Use the following choices regarding the various types of unemployment to describe this situation. Joe is looking for work as a machinist after his and most other machinist jobs were eliminated, replaced by computer-operated machines.
A. Frictional unemployment B. Structural unemployment C. Natural unemployment D. Cyclical unemployment