Which of the following influences does NOT shift the supply curve?
A) a rise in the wages paid workers who produce the good
B) the development of new technology
C) people deciding that they want to buy more of the product
D) a decrease in the number of suppliers
C
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In a particular economy, the price index was 120 in 2012 and 130 in 2013 . Which of the following statements is correct?
a. The economy experienced a rising price level between 2012 and 2013. b. The economy experienced a higher inflation rate between 2012 and 2013 than it had experienced between 2011 and 2012. c. The inflation rate between 2012 and 2013 was 10 percent. d. The base year is 2011.
Refer to the table and information below. What is the total amount that the government should spend on construction projects?
A government is considering undertaking one or more construction projects. The estimated marginal costs and benefits of each project are given in the table.
A. $8 million
B. $14 million
C. $19 million
D. $37 million