If the government imposes a per-unit tax on sales of an industry's product, then we would expect
A) the supply curve in that industry would shift to the left.
B) the supply curve in that industry would shift to the right.
C) the demand curve for that industry would shift to the right.
D) the demand curve for that industry would shift to the left.
A
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An improvement in a firm's technology that reduces its production costs will result in a(n):
a. rightward shift of the supply curve. b. increase in supply. c. increase in quantity supplied at any given price. d. all of these are true.
Which of the following is not true about a special drawing right (SDR)?
a. The SDR is a composite currency. b. The value of the SDR is an average of the values of the currencies of major industrial countries. c. The SDR was created in 1980 by the World Bank. d. The SDR is an international reserve asset. e. The SDR is used to settle international debts.