Refer to the information provided in Table 24.2 below to answer the question(s) that follow. Table 24.2
Refer to Table 24.2. At an output level of $2,500, there is a tendency for output
A. to fall.
B. to increase.
C. to either increase or decrease.
D. to remain constant.
Answer: A
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An increase in supply will have what effect on equilibrium price and quantity?
A. Price will increase; quantity will decrease. B. Price will decrease; quantity will increase. C. Both price and quantity will increase. D. Both price and quantity will decrease.
Referring to Figure 19.2, the effect of a decrease in U.S. prices is represented by a movement from point
A) a to d. B) d to a. C) b to c. D) a to b.
A trade surplus could be balanced by all of the following except
a. borrowing from domestic citizens. b. selling domestic assets to foreigners. c. borrowing from foreigners. d. selling foreign assets already owned by U.S. citizens to foreigners.
Which of the following statements is least accurate with regard to immigration after the Civil War?
a. The number of immigrants fluctuated dramatically until World War I. b. The proportion of immigrants from Northern and Western Europe fell dramatically. c. The cost of crossing the Atlantic was much lower than it was in earlier decades. d. A growing network of relatives in the US could help immigrants find jobs and places to live. e. The majority of immigrants moved to the Midwest to take advantage of the excellent farming opportunities.