A move from F to G represents
A. a change in quantity demanded.
B. a change in demand.
C. an increase in demand.
D. a decrease in demand.
A. a change in quantity demanded.
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Suppose the government imposed a minimum price in a market and a reporter for a local newspaper wrote a story on it. The headline on the story would read:
a. Government Action Calls For Ration Coupons b. Rationing Price Replaces Market Price c. Price Ceiling Replaces Equilibrium Price d. Price Floor Replaces Equilibrium Price e. Equilibrium Price Lowered
A price floor has no effect in a market when it's set
a. above the equilibrium price b. below the equilibrium price c. at 100 percent of parity d. above the price ceiling e. below the price ceiling
Refer to the information provided in Figure 7.9 below to answer the question(s) that follow. 
Figure 7.9Refer to Figure 7.9. The firm's isocost line would shift from CD to CE if
A. the price of capital falls. B. the firm's total expenditure on inputs increases. C. the price of labor falls. D. either the price of labor rises or the firm's total expenditure on inputs increases.
A country should always specialize in the production of any product for which it holds an absolute advantage
Indicate whether the statement is true or false