Macroeconomics

Which of the sideline will NOT cause an amplify in take for expert Xa . a reduce in income if real X is an lacking(p) totalb . an increase in income if good X is a normal goodc . a decrease in the placelay of good Xd . an increase in consumers taste for good XA good is inferior if ______a . when income increases , subscribe remains un diversifydb . when income increases , demand decreasesc . when income increases , demand increasesd . of the aboveA scientific introduce in the production of automobiles will _______a . increase the demand for automobilesb . increase the yield of automobilesc . decrease the demand for automobilesd . decrease the furnish of automobilesA recent news story reported that OPEC is expected to decrease the preparation of oil next summer . Summer is tradition on the wholey a metre of increas ed demand for oil because of the whatsoever(prenominal) families driving and nimble to vacation sites . What would be the combined strength of these two events on the summer market for gasolinea . an increase in the hurt and the dig . an increase in the equipment casualty and an unforeseeable change in the sumc . an unpredictable change in two the impairment and the quantityd . an unpredictable change in the price and a decrease in the quantityYou notice that the price of videodisc players falls and the quantity of DVD players sold increases . This set of observations can be the direct of the ______a . demand for DVD players unsteady to the rightb . demand for DVD players sack to the leftc . bestow of DVD players shifting to the rightd . supply of DVD players shifting to the leftRent controls in New York City cause all of the following moreover ______ .a . inefficiently low qualityb . wasted resources resulting from the opportunity follow of time associated with t rying to find an apartmentc . black marketsd! .

an increase in the quantity supplied of rent-controlled apartmentsA binding price floor causes ______a . a shortage in the marketb . a surplus in the marketc . wasted resourcesd . both b and cAlthough most economists agree that price floors and ceilings lead to inefficiency , governments tarry to chitchat such price controls . A possible cogitate for this is ______a . some concourse do benefit from such price controlsb . people fear that prices will change dramatically if the price controls were removedc . it is politically expedient to enact regulations that benefit influential vote groupsd . all of the aboveThe quota rent refers to ______a . the difference between the demand price and the supply price at the quota limitb . the rent received by landlords who possess rent-controlled apartmentsc . the opportunity cost of using a quota-controlled service of motion , or of buying a good that is subject to an matter quotad . the minimum rent that the owner of a building mustiness receive before he /she is willing to rent out(p) the buildingIf an...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay