There has been an increase in the demand for chicken. This change can be shown graphically as a:
A. shift in the demand curve to the right.
B. shift in the demand curve to the left.
C. movement along the demand curve to the right.
D. movement along the demand curve to the left.
B. shift in the demand curve to the left.
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Kelly's Surf Shop orders 5,000 new surf boards at the beginning of the year but only sells 4,500 by the end of the year. How are the 500 unsold surfboards accounted for in Gross Domestic Product?
A) They will be included in the nondurable consumption category of GDP. B) They will be included in the residential investment category of GDP. C) They will be included in the government spending category of GDP. D) They will be included in the inventory investment category of GDP. E) They will be included in the durable consumption category of GDP.
Insurance deductibles __________ the __________ problem of insurance coverage.
A. are meant to reduce; adverse selection B. are meant to reduce; moral hazard C. unintentionally worsen; adverse selection D. unintentionally worsen; moral hazard
According to projections by the U.S. Bureau of the Census, how will the population change between 2012 and 2060?
a. The number of Hispanics will rise substantially. b. The number of blacks will decline slightly. c. The number of whites will remain the same. d. The number of Asians will rise substantially.
The unemployment rate equals the number of unemployed divided by the ________, all times 100
A) number of employed B) labor force C) working-age population D) total population