Which of the following would not increase the price of books?
a. A new literacy program that encourages reading.
b. A $10,000 permission fee paid for the right to reprint an author's work.
c. An increase in the price of the ink used to print the books.
d. Higher costs for the glycerin used to make the glue with which the books are bound.
b. A $10,000 permission fee paid for the right to reprint an author's work.
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Refer to the above table. Suppose one country has a per capita real GDP of $1000 and another has a per capita real GDP of $10,000, or ten times larger. If both countries have a growth rate of 5 percent, how much larger will per capita real GDP be in the second country be than the first after 50 years?
A) 8 times larger B) 5 times larger C) 10 times larger D) 4 times larger
Other things being equal, how would the market for bicycles be affected by an increase in the availability and number of bicycle paths?
a. An increase in prices and a decrease in the quantity exchanged b. An increase in prices and an increase in the quantity exchanged c. A decrease in prices and a decrease in the quantity exchanged d. A decrease in prices and an increase in the quantity exchanged