If a tax is levied on the buyers of a product, then there will be a(n)
a. upward shift of the demand curve.
b. downward shift of the demand curve.
c. movement up and to the left along the demand curve.
d. movement down and to the right along the demand curve.
b
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Burger Queen enjoyed $1 million in profits last year. What does Burger Queen's $1 million in profits mean for its competitor, Burger Lord?
A) Nothing. B) Burger Lord must have suffered $1 million in losses last year. C) Burger Lord must have also enjoyed $1 million in profits last year. D) Burger Queen is more efficient at serving its customers compared to Burger Lord.
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Indicate whether the statement is true or false
If checkable deposits in the first National Bank total $550 million and the required reserve ratio is 10 percent, then required reserves for first National Bank is
A. $50 million. B. $55 million. C. $7 million. . D. $10 million..
From September 2013 to September 2014, the employment-to-population ratio increased from 58.6 percent to 59.0 percent. This change could have been the result of
A) a decrease in the working-age population. B) unemployed workers becoming part-time workers. C) unemployed workers becoming discouraged workers. D) discouraged workers starting to look for jobs again.