If a freeze destroys much of the crop of an agricultural nation, then
A. the desired investment curve would shift to the right.
B. net foreign lending would increase.
C. net foreign lending would decrease.
D. the desired investment curve would shift to the left.
Answer: C
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In which zone will small shifts in AD, either to the right or the left, affect the output level, but will not much affect the price level?
a. Keynesian b. Neoclassical c. Intermediate d. Equilibrium
If a U.S. company operates within a competitive environment and chooses to offshore part of its production process, the resulting change in the firm's costs should shift the ______________ curve for its product ___________________, thus _____________ the price of the product being produced
A) supply; leftward; lowering B) supply; rightward; raising C) demand rightward; raising D) supply; rightward; lowering
What does the graph point at the intersection of $4 per pound and 7,000 pounds of coffee show?
a. an excess of quantity demanded
b. a shortage of quantity supplied
c. an equilibrium point
d. a surplus of quantity supplied
How is an indifference map like a topographic map?
Please provide the best answer for the statement.