How is the globalized AS/AD model different from the standard AS/AD model?
A. It has an added world demand curve.
B. The AS curve is downward sloping.
C. The AD curve is upward sloping.
D. It has an added world supply curve.
Answer: D
You might also like to view...
For endangered species, the federal government
A) can only protect the animal on federal property because of common property issues. B) has the right to regulate activities on private land to save the species from extinction. C) turns over the protection of an endangered species to the state authorities where the species lives. D) will capture a pair of animals so that the species does not become extinct.
A firm that would experience higher average total cost by increasing production is operating with excess capacity
a. True b. False Indicate whether the statement is true or false
A nation can accelerate its economic growth by:
A. reducing the number of immigrants allowed into the country. B. adding to its stock of capital. C. printing more money. D. imposing tariffs and quotas on imported goods.
A new fertilizer which greatly improves the corn crop yield is being widely used by corn farmers. You accurately predict that this
A. will shift the supply curve of corn to the left, the equilibrium price of corn will increase, and the demand for corn will fall. B. will shift the supply curve of corn to the right, the equilibrium price of corn will increase, and the demand for corn will fall. C. will shift the supply curve of corn to the right, the equilibrium price of corn will decrease, and the quantity demanded of corn will increase. D. will shift the supply curve of corn to the left, the equilibrium price of corn will increase, and the quantity demanded of corn will decrease.