Use the following graph of the demand for electric cars to answer the question below.
Which of the following would occur if electric cars became less expensive?
A. D3 to D1
B. Point a to point b
C. Point b to point A
D. D2 to D1
Answer: B
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Funding for canals came from which of the following sources?
(a) Private investments and tolls (b) Taxes (c) Borrowing on government credit (d) All of the above
Launching the complicated version would be a mistake for probabilities less than ___?
a. 0.2 b. 0.28 c. 0.30 d. 0.32
An increase in an economy's productive resources will lead the production possibilities curve to:
A. shift outward. B. become flatter. C. shift inward. D. stay the same.
Microeconomics is best described as the study of
A. inflation, unemployment, gross national product, and the nation's economy as a whole. B. the choices made by individual households, firms, and governments. C. marginal changes in the economy. D. how markets interact in the aggregate economy.