Microeconomics

Replies / Views	Last post
Private goods are excludable and nonrival in consumption. a. True b. ... Started by fox	1 Replies 16 Views	Jul 1, 2018 by Sophiapenny
The excise tax on gasoline is an example of a tax based on the ability-to-pay principle. a. True ... Started by jlmhmf	1 Replies 13 Views	Jul 1, 2018 by rleezy04
Katie had a before-tax income of 40,000 and paid taxes of 6,000 . Rinji had a before-tax income of ... Started by nummyann	1 Replies 14 Views	Jul 1, 2018 by lorealeza77
International trade occurs because the opportunity cost of producing specific goods differs across ... Started by EY67	1 Replies 17 Views	Jul 1, 2018 by cloudre37
Which of the following include the four basic resources supplied by households? a. natural ... Started by ssal	1 Replies 19 Views	Jul 1, 2018 by allisonblackmore
A positive externality is one in which there is an external benefit bestowed on a third party> ... Started by silviawilliams41	1 Replies 25 Views	Jul 1, 2018 by krakiolit
Externalities can occur as a result of either production or consumption activities. a. True b. ... Started by EAugust	1 Replies 48 Views	Jul 1, 2018 by bobsmith
Consider a system in which a person earning 10,000 pays 1,000 in taxes, a person earning 25,000 pays ... Started by jeatrice	3 Replies 59 Views	Jul 1, 2018 by cswans24
A demand curve shows how quantity demanded changes as the price changes. It implies that a. only a ... Started by ss2343	1 Replies 43 Views	Jul 1, 2018 by tandmlomax84
The impact of a 200 increase in income on quantity demanded would be called an income effect. a. ... Started by rachel9	1 Replies 28 Views	Jul 1, 2018 by Pariscourtney
The law of demand states that a. there is a positive relationship between price and quantity ... Started by torybrooks	1 Replies 24 Views	Jul 1, 2018 by joewallace
The law of demand says that as the price of a good rises, a. buyers recognize that price may be ... Started by Garrulous	1 Replies 61 Views	Jul 1, 2018 by Jordin Calloway
Movements along the demand curve are called changes in a. demand b. opportunity costs c. quantity ... Started by fagboi	1 Replies 31 Views	Jul 1, 2018 by Brummell1998
Suppose you drink more tea because the price of coffee has increased. Which of the following best ... Started by joe	1 Replies 10 Views	Jul 1, 2018 by SAUXC
For which of the following would the income effect of a price change be greatest? a. ballpoint pens ... Started by strangeaffliction	1 Replies 50 Views	Jul 1, 2018 by potomatos
For a renter, the income effect of an increase in apartment rents will a. have a greater effect ... Started by washai	3 Replies 29 Views	Jul 1, 2018 by gcook
A demand curve usually has a a. negative slope because price and quantity demanded are inversely ... Started by scienceeasy	1 Replies 56 Views	Jul 1, 2018 by zhanghao
The demand curve for spinach shows the quantity demanded of spinach a. only at the equilibrium ... Started by dollx	1 Replies 202 Views	Jul 1, 2018 by ryhom
The effect of a decrease in the price of personal computers, other things constant, is likely to be ... Started by jerry coleman	1 Replies 63 Views	Jul 1, 2018 by manuelcastillo
There are three consumers in the market for playing cards: Don, John, and Ron. At a price of 2 per ... Started by Jramos095	1 Replies 28 Views	Jul 1, 2018 by yotaSR5
A rightward shift of a demand curve represents a decrease in demand. a. True b. ... Started by tfester	1 Replies 53 Views	Jul 1, 2018 by SomethingSomething
If a decrease in the price of a good causes a rightward shift of the demand curve for that good, ... Started by abern	1 Replies 30 Views	Jul 1, 2018 by stallen
A decrease in demand for a good could mean that a. consumers are willing to pay a higher price for ... Started by geodog55	1 Replies 44 Views	Jul 1, 2018 by janieazgirl
If the price of gasoline (a normal good) decreases, other things constant, a. the demand for ... Started by elizabeth18	3 Replies 86 Views	Jul 1, 2018 by bookworm410
In the case of a normal good, an increase in consumers' incomes would shift the a. demand curve ... Started by javeds	1 Replies 99 Views	Jul 1, 2018 by nicoleclaire22