When demand decreases, and price is the only reason for the decrease, what type of movement will the demand curve show?
A. a shift to the left
B. a shift to the right
C. along the curve to a higher quantity demanded
D. along the curve to a higher price
Answer: D. along the curve to a higher price
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The table above shows data reported by the Office for National Statistics for the United Kingdom in September 2000. In September 2000, the unemployment rate is
A) 5.5 percent. B) 1,619 thousand. C) 3.5 percent. D) 3.7 percent. E) 5.8 percent.
Most people on welfare
a. are not U.S. citizens b. are poorly educated and have few job skills c. do not qualify for food stamps, child care, or Medicaid d. have jobs e. are below the age of 16
Real gross domestic product is the total value of all: a. goods and services produced in a country adjusted for inflation
b. goods and services produced in a country without an adjustment for inflation. c. final goods and produced in a country services adjusted for inflation. d. final goods and services produced in a country without adjustment for inflation.
Suppose the interest rate is 3% and that you are to receive three annual payments of $1,000, with the first payment today, the second payment one year from now, and the third payment two years from now. What is the present value of this stream of payments?