Refer to the graph showing the demand for books. A movement from point E to point D is caused by:
A. an increase in the price of books from $12.00 to $16.00.
B. a decrease in the price of books from $16.00 to $12.00.
C. an increase in the price of movies.
D. an increase in consumer income.
Answer: B
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For the recessions in the United States since the 1950s
A) unemployment rises on average about 5 percentage points during the 12 months after a recession begins. B) unemployment falls on average by 2 percentage points during the 12 months after a recession begins. C) unemployment rises on average by about 1.2 percentage points during the 12 months after a recession begins. D) cyclical unemployment has been non-existent.
The abrupt end of long distance cattle drives in 1885 was primarily due to
a. the development of railroad cars that could haul cattle. b. organized efforts by northern cattlemen to reduce overstocking of cattle on the northern ranges. c. the advent of barbed wire fences. d. a reduced demand for beef in both domestic and export markets.
If a nation can produce a more computers per year than any other nation, that nation has a(n) ________ advantage in the production of computers.
A. relative B. natural C. absolute D. comparative
Supporters of supply-side economics claim that ________ tax policies were quite successful in stimulating the economy because throughout most of the 1980s, federal receipts continued to rise even though tax rates had been cut.
A. Jimmy Carter's B. Gerald Ford's C. Richard Nixon's D. Ronald Reagan's