An increase in the number of producers in an industry will:
a. make the industry supply curve flatter
b. make the industry supply curve steeper.
c. shift the industry supply curve to the right.
d. shift the industry supply curve to the left.
c
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On your first day at work, your boss tells you to call the bank and get the bid and the ask for British pounds. Having just returned from studying in London, you know that the exchange rate should be somewhere around 1.25
You call the number and the lady says "579 and 585." What does that mean? A) She didn't understand your question. B) The bid is 0.579 and the ask is 0.585. C) The ask is 0.579 and the bid is 0.585 D) The bid is 1.2579 and the ask is 1.2585.
During the presidential campaigns, the candidates from each party typically describe their plans to maintain or change federal taxes on personal and business income. Are these policy statements generally positive or normative?
A) Positive B) Normative C) Both positive and normative D) Neither positive or normative