U.S. sugar trade agreements have fallen through. What will the likely effect be?
A. The demand for goods that use sugar will decrease.
B. The demand for goods that use sugar will increase.
C. The supply of goods that use sugar will increase.
D. The supply of goods that use sugar will decrease.
Answer: D
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Everything else remaining unchanged, what is likely to happen to the credit supply curve of households if:
a. there is a decrease in the real interest rate? b. households expect a recession in near future? What will be an ideal response?
The impact of Hurricane Katrina on consumers in the economy was to make them very pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?
A) This will move the economy down along a stationary aggregate demand curve. B) This will move the economy up along a stationary aggregate demand curve. C) This will shift the aggregate demand curve to the left. D) This will shift the aggregate demand curve to the right.
Marginal revenue is the addition to a firm’s revenue from
A. a $1 change in price. B. a one-unit change in output. C. the sale of inferior output. D. a $1 reduction in marginal cost.
A mortgage loan that would allow a borrower to pay less than the full interest accrued on the debt over the first few (typically five or ten) years of the mortgage could be called
A. a "negative-amortization" mortgage. B. a "zero-interest" mortgage. C. an "interest-only" mortgage. D. all of the options are correct.