A change in which of the following would NOT shift the supply curve for sneakers?
A) an increase in technology for making sneakers
B) an increase in the price of rubber, used to make sneakers
C) an increase in the price of sneakers
D) None of the above, that is, each change shifts the supply curve
C
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The substantial risks taken by financial intermediaries like Sallie Mae because they are effectively insured are examples of what economists refer to as: a. sub-prime behavior
b. asymmetric information. c. moral hazard. d. countercyclical policy.
Real GDP per person in both Alpha and Omega is equal to $2,000. Over the next 100 years, real GDP per person grows at a 1.5 percent annual rate in Alpha and at a 2.5 percent annual rate in Omega. After 100 years, real GDP per person in Alpha is ________ smaller than real GDP per person in Omega.
A. $2,000 B. $8,864 C. $5,410 D. $14,763