An increase in the price of a substitute good will shift the demand curve for a good to the right
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Most grievances that do not involve a contractual matter can be resolved by ______.
a. the chief of police b. the city attorney c. the police captain d. the first line supervisor
Other things equal, if foreign holdings of U.S. dollars decrease,
A) the balance on the U.S. current account will decrease. B) the balance on the U.S. financial account will decrease. C) the balance on the U.S. capital account will decrease. D) the U.S. balance of payments will decrease.
Kimberly decides to go back to college full time at the age of 30, and finds herself with a much lower income than she was earning before. Now that she has less income, she finds herself eating less steak and more pasta than ever before. We can conclude:
A. steak and pasta are both normal goods, because they are both food she eats regardless of her income. B. steak and pasta are both inferior goods, because they are both food she eats regardless of her income. C. pasta is an inferior good because her demand increased when her income went down. D. steak and pasta are both inferior goods, because they are both food she eats regardless of her income; also, pasta is an inferior good because her demand increased when her income went down.
Identify an example of a stock variable
a. The growth in investment in an economy b. The change in the price level in an economy over the years c. The number of unemployed people in an economy in a particular year d. The increase in the money supply in an economy e. The fall in consumer spending during two consecutive years