Figure 9-3
Suppose that British incomes rise relative to incomes in the United States. Then, in
a.
the demand curve will shift from D1 to D2
b.
the demand curve will shift from D2 to D1
c.
the supply curve will shift from S1 to S2
d.
the supply curve will shift from S2 to S1
e.
neither the demand for nor the supply curve will shift
c
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Larger countries tend to be more globalized, because their large internal markets allow them to export a wide range of products
a. True b. False Indicate whether the statement is true or false
In explaining the downward-sloping aggregate demand curve, the real money-supply effect is:
a. When the price index falls, the real money supply falls, causing the real risk-free interest rate to fall, and consumption and real investment to rise. b. When the price index falls, the real money supply falls, causing the real risk-free interest rate to fall, and consumption and real investment to rise. c. When the price index falls, the real money supply rises, causing the real risk-free interest rate to fall, and consumption and real investment to rise. d. When the price index falls, central banks intervene to bring the money supply back to where it was, causing the real risk-free interest rate to fall, and consumption and real investment to rise. e. None of the above.
When a company sells stock for the first time to raise money for a business expansion, this is called a(n)
A. IPO (Initial Public Offering). B. PPO (Preferred Public Offering). C. FTO (First Time Offering). D. FSS (First Sale of Stock).
Refer to the table shown. Diminishing marginal productivity begins when the:Number of workersTotal output142103184285356417458489501049
A. third worker is hired. B. fifth worker is hired. C. sixth worker is hired. D. fourth worker is hired.