Use the following graph to answer the next question.
Which of the following factors will shift AD1 to AD2?
A. An increase in national incomes abroad.
B. An increase in real interest rates.
C. A decrease in the value of financial assets.
D. A decrease in the general price level.
Answer: A
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Once produced, Nonexcludable goods are _____
a. difficult to keep employees from stealing b. difficult to keep people from consuming without paying for them c. difficult to keep people from consuming at any price d. available to anyone if they want to pay for it
To say that people make marginal decisions means that
a. they usually wait until the last minute before making a decision to buy b. they weigh the additional costs and additional benefits of various activities before they make a decision c. most people just barely get by on the incomes they earn and live from day to day on the very edge of subsistence d. they consider the total cost and benefit of various activities before they make a purchase