Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles.
B. an increase in economic growth.
C. an increase in unemployment.
D. a reduction in unemployment.
Answer: A
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a. True b. False Indicate whether the statement is true or false
If merchandise exports exceed merchandise imports, the trade balance is in deficit
Indicate whether the statement is true or false
When aggregate demand shifts right along the short-run aggregate supply curve, unemployment
a. falls, so there are upward pressures on wages and prices. b. falls, so there are downward pressures on wages and prices. c. rises, so there are upward pressures on wages and prices. d. rises, so there are downward pressures on wages and prices.
The article "A "War on Coal"?" illustrates that
A. The costs of pollution abatement must be balanced against the benefits. B. The marginal costs of pollution control are lower than the marginal benefits. C. The benefits of pollution control can be achieved with few opportunity costs. D. The government will subsidize the coal industry to offset the job losses from pollution abatement.