Which of the following is likely to happen if investors in an economy become optimistic following the discovery of huge mineral reserves?
A) Unemployment will increase. B) Consumption will increase.
C) Real wages will fall. D) Prices will fall.
B
Economics
You might also like to view...
What is meant by the expected rate of return?
What will be an ideal response?
Economics
A state tax assessed specifically on cigarettes is an example of
A) an excise tax. B) a consumption tax. C) a social tax. D) a tariff.
Economics
If MPC = 0.80, how much should government spending change to increase real GDP by $500?
a. ?100. b. +80. c. ?80. d. +500. e. +100.
Economics
Refer to the above graph. When the quantity of product X sold increases from 8,000 to 10,000, the price elasticity of demand for product X over that range is:
A. inelastic. B. elastic. C. unit-elastic. D. perfectly inelastic.
Economics