If AE > Y, which of the following will NOT occur?
A) inventories will decline
B) actual investment will be more than planned investment
C) employment will increase
D) GDP will increase
B
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A reduction in production costs will not result in which of the following?
A. rightward shift of the supply curve. B. increase in supply. C. greater willingness and ability of producers to supply a larger quantity at any given price. D. greater willingness and ability of consumers to demand a larger quantity at any given price.
In the early 2000s, some argued that the Indian government impeded foreign investment with tariffs, investment caps, and tons of red tape. In terms of promoting or retarding economic growth, such policies:
A. increase growth because they keep people producing for the local market. B. decrease growth because they slow the growth of capital. C. increase growth because they stop exploitation by foreigners. D. decrease growth because they cause inflation.
Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).Recall the Application. The federal government marketing order that helped reduce asymmetric information about kiwifruit led to:
A. a decrease in the spread between the price of New Zealand and U.S. kiwifruit. B. lower quality kiwifruit sales. C. more kiwifruit imports. D. lower kiwifruit sales.
Every point on a ________ represents the minimum cost at which the associated output level can be produced when the scale of plant can be changed.
A. long-run demand curve B. marginal cost curve C. long-run variable cost curve D. U-shaped long-run average cost curve