If there is a good that is consumed almost entirely by children, a significant reduction in the birth rate would
A. cause a movement along the demand curve to a (lower price, higher quantity) point.
B. move its demand curve to the left.
C. move its demand curve to the right.
D. cause a movement along the demand curve to a (higher price, lower quantity) point.
Answer: B
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Answer the following statement true (T) or false (F)
U.S. government bonds held by commercial banks are: a. government assets and commercial bank assets
b. government assets and commercial bank liabilities. c. government liabilities and commercial bank assets. d. government liabilities and commercial bank liabilities.
Answer the following statements true (T) or false (F)
1) There is a consensus among economists that the amount of resources allocated to the health care industry is optimal. 2) Some employers have reacted to rising health care costs by hiring more part-time and temporary workers. 3) About three-fourths of all health care costs are paid out of pocket by patients. 4) In 2011, some 49 million Americans did not have health insurance.
The product differentiation of firms in an industry is an indicator of the size distribution of firms.
Answer the following statement true (T) or false (F)