Which of the following will NOT cause a rightward shift in the supply curve?

A) an improvement in technology
B) a reduction in resource costs
C) a reduction in the expected future price
D) none of the above

Answer: D

Economics

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The above figure shows the U.S. market for 1 carat diamonds. Area C is the

A) decrease in consumer surplus due to the import quota. B) importers' profit from the quota. C) deadweight loss from the import quota. D) increase in producer surplus due to the import quota. E) gain in total surplus due to the import quota.

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What happens to the Canadian monetary base if there is an excess supply of 100 million euros in the foreign exchange market, which the Bank of Canada purchases?

a. The Canadian monetary base falls by 100 million euros worth of Canadian dollars. b. The Canadian monetary base falls. The amount depends on the size of the money multiplier c. The Canadian monetary base might fall or rise. d. The Canadian monetary base rises by 100 million euros worth of Canadian dollars. e. The Canadian monetary base rises. The amount depends on the size of the money multiplier.

Economics