A movement upward and to the left along a demand curve is called a(n)
a. increase in demand.
b. decrease in demand.
c. decrease in quantity demanded.
d. increase in quantity demanded.
c
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The Eyes Wide Open Company is considering producing binoculars that can be used to directly view the sun during a solar eclipse, but it knows that some customers could potentially go blind when using the product. The Eyes Wide Open Company
A) should definitely not produce these binoculars. B) has no way to include the value of the potential damage to eyesight in its cost-benefit analysis. C) has little choice but to include the value of the potential damage to eyesight in its cost-benefit analysis. D) must redesign the binoculars so there is absolutely no possibility of damaged eyesight to customers.
The production possibilities frontier represents
A) all combinations of consumption and leisure for fixed output. B) all equally affordable combinations of consumption and leisure for a given wage. C) all technologically feasible combinations of consumption and leisure. D) all equally liked combinations of consumption and leisure.
Article I, Section 8, clause I of the federal Constitution requires that all "Duties, Imposts, and Excises shall be uniform throughout the United States." Hence, the Sixteenth Amendment to the U.S
Constitution (1913) was needed to grant constitutionality to the unequal taxation of land, its products and income. Indicate whether the statement is true or false
When trade is possible, each country can produce the goods that it has:
A. a comparative advantage at producing, rather than the exact combination of goods its consumers want. B. an absolute advantage at producing, rather than the goods it has a comparative advantage in. C. an absolute advantage at producing, rather than the exact combination of goods its consumers want. D. a comparative advantage at producing, rather than the exact combination of goods its producers want.