An increase in the price of one good will cause
A. a parallel shift in the budget curve.
B. an inside shift of the budget curve.
C. an outward rotation of the budget curve.
D. an inward rotation of the budget curve.
Answer: D
You might also like to view...
During a time of high unemployment, a country can increase the production of one good or service
A) by using resources in the production process twice. B) without decreasing the production of something else. C) and must increase the production of something else. D) but must decrease the production of something else. E) but the opportunity cost is infinite.
Human resources that perform the functions of organizing, managing, and assembling the other factors of production are called
A) physical capital. B) venture capital. C) entrepreneurs. D) productive capital.
Under a rule of reason approach, which of the following would be legal in the United States?
A. The merger of Paco's Taqueria and Maria's Mexican Bistro, independent restaurants in the unconcentrated sit-down restaurant market. B. Price fixing between IBM and Compaq. C. Ford and General Motors electing the same person to their boards of directors. D. Kellogg's and General Mills collude to drive Quaker Oats out of the business.
A current account surplus implies a capital account deficit.
Answer the following statement true (T) or false (F)