The current break-even quantity is
a. 3000
b. 600
c. 500
d. 300
a
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U.S. sugar trade agreements have fallen through. What will the likely effect be?
A. The demand for goods that use sugar will decrease. B. The demand for goods that use sugar will increase. C. The supply of goods that use sugar will increase. D. The supply of goods that use sugar will decrease.
Use the following graph to answer the next question.
If aggregate demand curve shifts from AD2 to AD1, the effect on real GDP will be a decrease from ________.
A. Q3 to Q4 B. Q2 to Q4 C. Q3 to Q1 D. Q2 to Q1
Refer to Figure 4.8. If 30 of your friends go to the park and 70 go to the beach,
A) your friends at the beach should switch to the park. B) your friends at the park should switch to the beach. C) your friends at the beach should switch to the park and your friends at the park should switch to the beach. D) your friends should stay where they are.
In a world of certainty about future demand and supply, speculators cause price fluctuations across time to decrease.
Answer the following statement true (T) or false (F)