Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.
Figure 34.3Refer to Figure 34.3. If fewer British firms want to invest in the United States, the supply of pounds will
A. shift from S1 to S0.
B. shift from S2 to S0.
C. shift from S1 to S2.
D. not change.
Answer: C
You might also like to view...
A consumer will maximize utility, given income and prices, when the marginal rate of substitution is equal to the ratio of the prices of the two goods
Indicate whether the statement is true or false
If a demand curve shifts left, it implies
A) as a group, consumers are willing and able to pay less for the product. B) as a group, consumers are willing and able to pay more for the product. C) government has regulated how many people can purchase the product. D) the profit motive of the firms is making the price too high.
One solution to the "Tragedy of the Commons" is to turn the common resource into a private good
a. True b. False Indicate whether the statement is true or false
Conservative economists believe that the crowding-out effect
A. is large because consumption demand is insensitive to interest rate changes. B. is not significant because the investment demand curve is interest insensitive. C. does not reduce the power of fiscal policy policies. D. greatly reduces the power of fiscal policy policies.