Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth.
B. a change in society's preferences for motorcycles versus hybrid cars.
C. a reduction in unemployment.
D. an improvement in technology.
Answer: B
You might also like to view...
One difference between stocks and bonds is that
A) stocks do not involve a promise to repay a purchaser of the stock, while bonds represent a promise to repay the purchase price of the bond. B) stocks represent ownership in companies, while bonds represent ownership in banks. C) stocks are financial securities, while bonds are labor market securities. D) stocks are usually issued in electronic form, while bonds are usually issued in paper form.
If the United States and Mexico trade Budweiser for Modelo beer, what type of trade does this represent?
What will be an ideal response?
From 2006 to 2008, ______ fell by $350 billion.
a. mortgage-backed security valuations b. individual foreclosures c. subprime mortgage originations d. housing construction
Per capita GDP will always rise when:
A.) The population rises. B.) The rate of economic growth increases. C.) There is an increase in the rate at which the economy's labor force grows. D.) The rate of economic growth exceeds the rate of population growth.