If a good is a normal good, an increase in income will
A) decrease the quantity demanded of the good.
B) increase the demand for the good.
C) cause the demand curve for the good to shift to the left.
D) cause a movement down along the demand curve.
Answer: B
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The type of firm that is most numerous is the
A) proprietorship. B) corporation. C) partnership. D) multinational.
Suppose that at first the price of a bag of coffee is ?$15 and the price of a box of tea is ?$9. ?Then, the price of a bag of coffee changes to ?$30 and the price of a box of tea changes to ?$21. What has happened the money prices and relative prices of these two? goods?
What will be an ideal response?
Which of the following is most likely to happen as the result of lower real interest rates in the United States?
a. the dollar will depreciate on the foreign exchange market and imports will grow relative to exports. b. the dollar will appreciate on the foreign exchange market, and exports will grow relative to imports. c. the dollar will depreciate on the foreign exchange market, and exports will grow relative to imports. d. the dollar will appreciate on the foreign exchange market, and imports will grow relative to exports.
Which of the following shows timelines for projects?
a. organizational chart b. gantt chart c. decision tree d. simulation