Tag: Economics – Others

if the short-run aggregate supply curve is horizontal and the long-run aggregate sipply curve is vertical, then an increase in velocity ___ output in the short-run ___ prices in the long-run

True or false:
For a budget spent entirely on twogoods, an increase in the price of one will necessarily decrease the consumption of both, unless atleast one of the goods is inferior. Explain

What is a disadvantage of exporting?
Multiple choice question.
Export quotas imposed on goods
Tariffs imposed on goods
Difficulty in withdrawing from the market
Nationalizing of a firm’s operations

TB MC Qu. 03-127
Refer to the diagram. The highest price that buyers will be willing and able to pay for 100 units of this product is
Multiple Choice
$60.
$30.
$40
$20

4-36. Given a 30% rebate on the purchase price and 15-year life, how much can be spent on a geothermal heat pump saving 60% of $3,500 annual heating/cooling bills at 9% annual interest?

Which of the following types of goods affect the demand for another product due to a change in their price? (Select all that apply)
Normal goods
Complementary goods
Inferior goods
Substitute goods

Which of the following refers to the power provided by law for agencies to spend government funds?
Multiple choice question.
monetary policy
discretionary spending
tax expenditures
budget authority

Which component of US household spending has grown the most over the past ten years?Group of answer choices
Taxes
Savings
Spending on services
Spending on nondurable goods
Spending on durable goods

“There is no more serious menace to our civilization than our rabble ruled cities” which of the following does this quote best illusrateUrbanization, nativism, industrialization, anti semitism

According to economist Bruce Kirchhoff, small business failures are:understated to keep small business creation enthusiasm.lower than traditionally reported.accurate and alarming.inconclusive.