Market demand is
A) the total quantities demanded of all consumers of a particular item at given prices.
B) a movement along the demand curve in response to the market.
C) total equilibrium demand for the market.
D) the demand for and supply of a good or service.
A
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In the United States, globalization has caused the demand for unskilled labor to ________ and the demand for skilled labor to ________
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
In 2014, South America had a lower average GDP per capita than any other continent
Indicate whether the statement is true or false
The production possibilities curve is: a. a graph that shows the combinations of output which are most profitable to produce
b. a graph that shows the various combinations of output it is possible for an economy to produce given its available resources and technology. c. a graph that shows the various combinations of resources that can be used to produce a given level of output. d. a curve that shows the quantity of output that will be offered for sale at various prices.
In the United States from 1929 to 1933, real GDP _____________ and the unemployment rate ________________
A. declined by 27 percent; rose to 25 percent B. increased by 21 percent; fell to 2 percent C. declined by 21 percent; rose to 27 percent D. declined by 40 percent; rose to 50 percent