The supply curve will shift to the left when
A. some producers leave the industry.
B. the product becomes fashionable.
C. the demand for the product decreases.
D. the supply of the product increases.
Answer: A
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The quantity measure in the aggregate demand relationship is the:
A. total quantity of goods and services demanded in the economy. B. total quantity of goods and services supplied in the economy. C. market value of the total quantity of goods and services demanded in the economy. D. market value of the total quantity of goods and services supplied in the economy.
Realization of gains from trade, entrepreneurial discovery, and investment are largely dependent on
a. competitive elections and political democracy. b. the presence of institutions and policies consistent with economic freedom. c. the use of tariffs and quotas to protect domestic businesses from competition with foreigners. d. the use of government planning to direct investments into worthwhile projects.
Which of the following would be a part of macroeconomics?
A) the change in automobile sales due to a change in the price of automobiles. B) a tax reduction impact on the profits of a business. C) inflation. D) the unemployment of workers displaced by technological change in the typesetting industry.
Conventional job analysis methods are being replaced by quantitative methods for all but which of the following reasons? Conventional methods are _____.
A. open to bias and favoritism B. often subjective C. not well-suited to small organizations D. require more time consuming