Which of the following has been a significant factor in the ability of iPads to compete effectively against laptop and desktop computers?
A. iPads are often superior to laptop and desktop computers in their ability to create content.
B. A scarcity of production capacity has curtailed the manufacture of laptop and desktop
computers.
C. Many consumers perceive that iPads are superior to laptops and desktop computers for
the consumption of digital media.
D. The prices of laptops and desktop computers have increased dramatically.
Answer: C
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If the government provides a subsidy to producers, what is the effect of this policy in a supply and demand diagram?
A) The demand curve shifts leftward and the price rises. B) The supply curve shifts rightward and the price falls. C) The supply curve shifts leftward and the price falls. D) The supply curve shifts leftward and the price rises. E) The demand curve shifts rightward and the price rises.
Holding other factors constant, an increase in the tax rate on revenue generated by capital will:
A. decrease national saving. B. increase national saving. C. increase investment. D. decrease investment.