Which of the following is likeliest to have increased between points A and D?
a. price indices
b. interest rates
c. government spending
d. net imports
c. government spending
Economics
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Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P. Suppose that a nationwide quota (of 20) is enforced so that more can be used in a war effort. What is the consumer surplus?
a. 200 b. 400 c. 600 d. 800
Economics
Which of the following factors leads to differences in income across individuals?
a. the level of skills possessed by an individual b. the quality of human capital and education c. preferences for work over leisure d. all of the above
Economics