If the price of train tickets decreases, what will be the impact in the market for bus travel?
A) The quantity of bus travel demanded decreases.
B) The demand curve for bus travel shifts to the left.
C) The quantity of bus travel demanded increases.
D) The demand curve for bus travel shifts to the right.
B
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Money is:
A. the sum of assets minus debts. B. the same as income. C. all financial assets. D. any asset used to make purchases.
Individuals will increase their saving as
A) the interest rate falls. B) the interest rate increases. C) the rate of unemployment increases. D) business investment falls.
The trade deficit and federal budget deficit plagued which U.S. presidential administration with high inflation and low levels of production and employment?
(a) Franklin D. Roosevelt (1933–45) (b) Dwight D. Eisenhower (1953–61) (c) John F. Kennedy (1961–63) (d) Ronald W. Reagan (1981–89)
For any competitive labor market, changes that increase the opportunity cost of work will:
A. increase the labor supply and shift the supply curve right. B. decrease the labor supply and shift the supply curve right. C. decrease the labor supply and shift the supply curve left. D. increase the labor supply and shift the supply curve left.