Farmers can raise either goats or ostriches on their land. Which of the following would cause the supply of goats to decrease?
A) an increase in the price of ostrich feed B) an increase in the price of ostriches
C) a decrease in the price of goats D) an increase in the demand for goats
B
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All of the following are methods of rationing goods EXCEPT
A) political power. B) the profit motive. C) first come, first served. D) prices.
Suppose lower expectations lead to a decrease of $240 in desired investment in the economy and the marginal propensity to consume is 0.75.Table 10.2Spending CyclesChange in this Cycle's Spending and IncomeCumulative Decrease in Spending and IncomeFirst-cycle spending-$240-$240Second-cycle spending________________Third-cycle spending________________In Table 10.2, what is the cumulative decrease in expenditure by the end of the second cycle?
A. -$420.00. B. -$960.00. C. -$180.00. D. -$480.00.