Graphically, an increase in the market demand for coffee is shown by:
a. a rightward movement along the market demand curve for coffee.
b. a rightward shift in the market demand curve for coffee
c. a leftward movement along the market demand curve for coffee.
d. a leftward shift in the market demand curve for coffee.
b
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A transfer payment is a sum of money
A. spent by government for new goods and services. B. shifted between members of a household. C. given by government without a good or service in exchange. D. moved between companies for goods and services. E. required to pay taxes.
When a model takes into account the fact that several different generations may coexist simultaneously, this is known as a(n)
A. neoclassical model. B. life-cycle model. C. overlapping generation model. D. crowding-out model.
Which of the following is a positive statement? a. The average high temperature in Miami, Florida in February is lower than the average high temperature in Chicago, Illinois. b. An increase in cigarette smoking will lead to a decrease in the likelihood of getting lung cancer
c. 30 minutes of exercise three or more times per week will decrease the occurrence of heart disease. d. all of the above
Harder, more unpleasant, less convenient work is usually ______ paid than the more conventional occupations.
Fill in the blank(s) with the appropriate word(s).