When a curve shifts, the underlying relationship between the two variables has changed.
Answer the following statement true (T) or false (F)
True
A shift in the curve reflects a change in the relationship between the two variables.
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The process in which economic growth destabilizes existing regimes and reduces the political power of rulers and monarchs is referred to as:
A) institutional destruction. B) polarization. C) division of powers. D) political creative destruction.
Taxes are either
a. regressive, proportional, or degressive. b. regressive, proportional, or progressive. c. degressive, proportional, or progressive. d. regressive, progressive, or degressive.
Incentives are not likely to be a problem if:
A. all actions are observable. B. actions are not observable. C. workers' efforts are not contractible. D. only some actions are observable.
An American retailer sells dollars to obtain euros. It then uses the euros to buy ready-to-assemble furniture from Sweden. These transactions
a. increase U.S. net capital outflow because foreigners obtain U.S. assets. b. decrease U.S. net capital outflow because foreigners obtain U.S. assets. c. increase U.S. net capital outflow because the U.S. buys capital goods. d. decrease U.S. net capital outflow because the U.S. buys capital goods.