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Question about Economics Multiple Choice Questions
If supply decreases along a given demand curve,a. an excess quantity demanded will be created, increasing the equilibrium price and causing equilibrium quantity to fallb. an excess quantity supplied will be created, lowering the equilibrium price and causing equilibrium quantity to risec. an excess quantity demanded will be created, raising the equilibrium price and quantityd. an excess quantity supplied will be created, lowering the equilibrium price and quantitye. price will fall, shifting the demand curve outward, raising the equilibrium quantity
Fiscal policy focuses on manipulatinga. aggregate demand to smooth out business fluctuationsb. aggregate supply to smooth out business fluctuationsc. both aggregate supply and aggregate demand to smooth out business fluctuationsd. aggregate demand to stimulate the economy and aggregate supply to contract ite. short-run aggregate supply to stimulate the economy and aggregate demand to contract it
In light of Ricardian model, how might you measure the claim by developing countries that they're at a disadvantage in trade
Illustrate the impact do natural resources have on economic growth. Will it be possible for a country with few natural resources to grow rapidly.
As a government needs to increase tax income, it will often increase the sales tax on gasoline.
Bright Future, Ltd (BF) is a non-profit foundation providing medical treatment to emotionally distressed children. Determine the optimal amount of service provided by BF.
Draw a set of indifference curves for Jones, and second set for Smith, with alcoholic drinks on vertical axis and non-alcoholic on the horizontal axis.
Explain how specifically does this information affect your desire to sign a two-year contract with Toy Yachts R Us.
Sketch Sally's indifference curves and explain her consumption choices in term of marginal utility.
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
Important information regarding Price Elasticity of Demand and Total Revenue
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
You are the manager of Taurus Technologies, and your sole competitor is Spyder Technologies. The two firm's products are viewed as identical by most consumers.
Illustrate what are the 2 policy options used to influence the economy
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