Suppose a market were currently at equilibrium. A rightward shift of the demand curve would cause
A) an increase in price but a decrease in quantity.
B) a decrease in price but an increase in quantity.
C) an increase in both price and quantity.
D) a decrease in both price and quantity.
C
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Until the 1840s, the leading transport route in the US (in terms of volume of freight from the West) was:
a. the Northern Gateway. b. the Northeastern Gateway. c. the Southern Gateway. d. the Erie Canal.
A leftward shift of a product supply curve might be caused by:
A. some firms leaving an industry. B. an increase in consumer incomes. C. an improvement in the relevant technique of production. D. a decline in the prices of needed inputs.
An open economy with a low saving rate (private and public) must have
A) low investment only. B) high investment only. C) a trade surplus only. D) low investment or a trade deficit. E) low investment or a trade surplus.
Participating nations in the 1997 Kyoto Protocol agreed to reduce overall greenhouse gases emission
A) to as much as 20 percent below the levels of the 1990s through 2020. B) to as much as 10 percent below the levels of the 1990s through 2010. C) to as much as 100 percent below the levels of the 1990s through 2007. D) to as much as 50 percent below the levels of the 1990s through 2050.