The price of a gallon of gasoline increased from $2.00 to $2.25 while the price of a ride on the city bus increased from 50 cents to 75 cents. The relative price of riding the city bus
A) increased from 0.25 to 0.6.
B) decreased from 4.0 to 3.0.
C) stayed constant at 0.25.
D) stayed constant at 4.0.
A
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Which of the following statements is correct?
A) The price level does not affect the level of real GDP demanded. B) The lower the price level, the more the aggregate demand curve shifts rightward. C) The lower the price level, the greater the quantity of real GDP demanded. D) The higher the price level, the more the aggregate demand curve shifts rightward. E) The lower the price level, the more the aggregate demand curve shifts leftward.
What two trends was Canada trying to address in negotiating CUSTA?
What will be an ideal response?
_______% of the people on welfare lives below the poverty line.
Fill in the blank(s) with the appropriate word(s).
The additional output produced by adding one more unit of an input is the:
A. total production. B. marginal product. C. slope of the marginal product curve. D. average product.