Consider the demand curves for soft drinks shown in the figure above. A movement from point a to point b represents
A) a decrease in quantity demanded.
B) an increase in demand.
C) an increase in quantity demanded.
D) a decrease in demand.
B
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Which of the following statements is false?
A) Within each country, some individuals are made better off as a result of international trade, but one of the countries will be worse off overall. B) Although some individuals may not be made better off as a result of international trade, both countries may be made better off overall. C) Each country as a whole is made better off as a result of international trade, but individuals within each country may be made worse off. D) Not all individuals in both countries are made better off as a result of international trade.
The demand for foreign currency in the United States
a. increases as the level of imports increases b. increases as the level of exports increases c. decreases with the lowering of the inflation rate abroad d. decreases as foreign interest rates rise e. is unaffected by U.S. demand for goods and services abroad
The use of abstraction in economic analysis is one of its primary weaknesses.
Answer the following statement true (T) or false (F)
The Supreme Court has defined the offense of monopolization as involving all of the following elements EXCEPT
A. the maintenance of monopoly power. B. the possession of monopoly power in the relevant market. C. the ability to grow a business as a consequence of a superior product. D. the willful acquisition of monopoly power.