A rightward shift of the demand curve will lead to an
A) increase in equilibrium price.
B) excess demand at the old equilibrium price.
C) increase in quantity supplied.
D) All of the above.
D
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The increased labor force participation of married women in the United States is most often explained by
a. declining productivity in agricultural production b. a rise in average household size c. increased education and an increased demand for labor d. the decreased opportunity cost of working in the home e. declining productivity in household production
Which of the following countries has the most economic freedom?
a. Venezuela b. Zimbabwe c. Hong Kong d. Cuba
If the CPI is currently 202, what does this tell you about inflation between last year and this year?
A) There was deflation in the economy between this year and last year. B) Inflation in the economy between this year and last year was 2%. C) Inflation in the economy between this year and last year was 102%. D) The CPI measures only the level of prices in a given year, not the percentage change in prices from one year to the next.
Refer to the scenario above. Jack and Jill will derive maximum utility if:
A) Jack tries to move the tree while Jill does not. B) Jill tries to move the tree while jack does not. C) both of them try to move the tree. D) neither of them tries to move the tree.