A table that shows the relationship between the price of a good and the quantity demanded of that good is called a
a. price-quantity schedule.
b. buyer schedule.
c. demand schedule.
d. demand curve.
c
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The price of a PC falls or the price of an MP3 download rises? (Draw the diagrams!)
What will be an ideal response?
If the equilibrium exchange rate is $1 = 90 yen, then at an exchange rate of $1 = 80 yen there is a
A) surplus of yen. B) shortage of yen. C) shortage of dollars. D) a and c E) b and c
Which statement best describes international comparisons of unionization rates?
A. Private sector unionization is about the same (around 20%) in all developed countries. B. Private sector unionization rates exceed public sector unionization rates in all developed countries. C. Private sector unionization rates have fallen significantly in all developed countries over the last 40 years. D. Private sector unionization is greater in less-developed countries than in developed countries. E. Private sector unionization rates vary greatly by country.
Refer to the graph below. It shows the total product (TP) curve. At which point is marginal product smallest?
A. Point a
B. Point b
C. Point c
D. Point d