Adding the quantities demanded by all consumers at every price will yield
A) the market-clearing price.
B) the number of consumers.
C) the total substitution effect from a price change.
D) the market demand curve.
Answer: D
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Microsoft's purchase of a factory in Mexico is entered into the U.S. balance of payments accounts as a
A) positive entry in the capital and financial account. B) positive entry in the current account. C) negative entry in the settlements account. D) negative entry in the capital and financial account. E) negative entry in the current account.
Refer to Figure 15-11. Suppose the local government imposes a $2.50 per month tax on cable companies. What happens to the price charged by the cable company following the imposition of this tax?
A) The price rises from PM but it increases by an amount greater than $2.50 to reflect the monopoly's markup. B) The price remains at PM. C) The price rises from PM but it increases by an amount less than $2.50. D) The price rises from PM to (PM + $2.50).