Which statement most accurately describes what happens when both supply and demand curves shift?
a. When both curves shift, typically we can determine the overall effect on price and on quantity.
b. When both curves shift, typically we can determine the overall effect on price but not on quantity.
c. When both curves shift, typically we can determine the overall effect on price or on quantity, but not on both.
d. When both curves shift, typically we can determine the overall effect on quantity, but not on price.
c. When both curves shift, typically we can determine the overall effect on price or on quantity, but not on both.
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Roughly what percent of American families lived below the poverty line in 1960?
A) 8% B) 18% C) 28% D) 38% E) 48%.
If one nation is able to produce a good at a lower opportunity cost than another, it has
A) an absolute advantage in that good. B) a comparative advantage in that good. C) a productivity advantage in that good. D) a technological advantage in that good. E) no reason to want to trade that good.
Which of the following financial assets has both the highest risk and highest return for the period of 1926-2011?
A) small company stocks B) large company stocks C) corporate bonds D) Treasury bills
Which researcher argues that the slave system and its enforcement mechanisms prevented slave individualism from emerging within the system itself?
(a) Robert Fogel (b) Stanley Engerman (c) Stanley Elkins (d) Kenneth Stampp