A change in price changes the quantity demanded and is represented by a movement along the demand curve.
Answer the following statement true (T) or false (F)
True
Movements along a demand curve are a response to price changes for that good. Shifts of the demand curve occur when the determinants of demand change.
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If there is a national debt, we can conclude that the federal government has
A) borrowed in the past. B) purchased more goods and services than were needed. C) spent money foolishly. D) loaned funds to U.S. taxpayers in the past. E) loaned funds to other nations in the past.
Similarly to the Latin American region, the HPAE experienced a Lost Decade in the 1980s
Indicate whether the statement is true or false
Which of the following is an example of detrimental externality?
a. A trailer's entry onto an overcrowded road that delays the movement of other vehicles. b. Fall in demand for gasoline in the US softens the price of gasoline in the global market. c. Government investment in energy generation from non-conventional sources. d. Society devotes huge quantity of its scarce resources for vital innovative activity.
States rely primarily on income taxes as a source of revenue
a. True b. False Indicate whether the statement is true or false