A shift in a curve represents a change in:
A. the variable on the horizontal axis.
B. the variable on the vertical axis.
C. a third variable that is not on either axis.
D. any variable that is relevant to the relationship being graphed.
Answer: C
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Ceteris paribus, which of the following would cause the aggregate demand curve to shift to the right?
a. higher personal taxes b. a rise in consumer confidence c. reduced stock market wealth d. a reduction in transfer payments
When firms already in the industry produce under conditions of substantial economies of scale, the market is said to be contestable
Indicate whether the statement is true or false
Which of the following groups has the lowest poverty rate?
a. blacks b. Asians c. children (under age 18) d. female households, no spouse present
Mercosur is a trade agreement between nations
A. in Southern Europe. B. in South America. C. in Southeast Asia. D. in South Africa.