Which of the following will cause the demand curve for bottled water to shift right, if bottled water is a normal good?
A. a decline in population
B. a fall in average incomes of bottled water consumers
C. a successful advertising campaign linking bottled water to lower cholesterol
D. a fall in the price of bottled water
Answer: C
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An economically backward nation has the best chance of enjoying relatively high rates of economic growth if it
A) turns toward central economic planning. B) adopts advanced technologies. C) raises its minimum wages and government pension programs. D) limits imports as much as possible.
A decrease in net taxes: a. increases GDP as much as an equal decrease in government purchases. b. increases GDP less than an equal increase in government purchases. c. decreases GDP more than an equal decrease in government purchases. d. changes GDP in an unpredictable manner
e. has no effect on GDP.