In the United States, the incidence of poverty has declined since the 1970s.
Answer the following statement true (T) or false (F)
False
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Which of the following shifts the demand curve for movie downloads rightward?
A) a decrease in the price of downloading a movie B) a 10 percent increase in people's income if movie downloads are a normal good C) a decrease in the price of cable television service D) an increase in the quantity and quality of programming included in the basic cable television service package
Describe the functions of money
When exchange rates change and prices stay the same:
a. relative prices of traded goods in the two nations are unchanged. b. the price of foreign goods expressed in the home currency will always rise. c. imports get more expensive as the home currency depreciates. d. the price of foreign goods expressed in the home currency will always fall.
Refer to the information provided in Figure 4.4 below to answer the question(s) that follow.
Figure 4.4Refer to Figure 4.4. If a $25 per barrel tariff is levied on imported oil, the United States will
A. export 10 million barrels of oil per day. B. import 6 million barrels of oil per day. C. import 2 million barrels of oil per day. D. import 10 million barrels of oil per day.