If the price of gasoline (a normal good) decreases, other things constant,
a. the demand for gasoline increases
b. the demand for gasoline decreases
c. the quantity demanded of gasoline increases
d. the quantity demanded of gasoline decreases
e. neither the demand for gasoline nor the quantity demanded of gasoline changes because everything is assumed constant along a demand curve
C
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The figure above contains several budget lines for Sarah, who uses her income to purchase two goods, cheese and crackers
a) A movement between which two budget lines represents an increase in income? b) A movement between which two budget lines represents an increase in the price of a pound of cheese? c) A movement between which two budget lines represents an increase in the price of a box of crackers?
Affirmative action
A. requires potential employees to affirm their rights at the Equal Employment Opportunity Commission. B. outlaws discrimination in rates of pay and hiring standards. C. refers to active efforts to locate and hire members of underrepresented groups. D. is when members of underrepresented groups act to reduce workplace discrimination.
The crowding in of private investment is more likely to occur, when _____
a. there is a depreciation of domestic currency b. interest rates increase significantly c. a contractionary gap exists in an economy d. the deficits lower expectations about economic growth e. an expansionary gap exists in an economy
It is likely that a constitutional amendment that required the government always to run a balanced budget would
a. contribute to a more stable level of output. b. mitigate the crowding-out effect. c. eliminate the economy's automatic stabilizers. d. All of the above are correct.