An increase in consumer spending caused by an increase in consumer confidence would cause
A. a movement down and to the right along the aggregate demand curve.
B. the aggregate demand curve to shift up and to the right.
C. a movement up and to the left along the aggregate demand curve.
D. the aggregate demand curve to shift down and to the left.
Answer: B
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The shipbreakers of Alang are
A) a metaphysical representation of the WTO, deriving from Edgar Rice Burroughs' Princess of Mars. B) an early version of the Russian Ice-breaker of the Dnieper-Alang class. C) a capital-intensive industry. D) competing with pollution-producing industries in countries outside of India. E) doing environmentally conscious work.
Who determines rationality?
a. the person observing the choice b. the person making the choice c. the person providing the choice d. the person affected by the choice
An inverse relationship exists when:
A. there is no association between two variables. B. one variable increases and there is no change in the other variable. C. one variable increases and the other variable increases. D. one variable increases and the other variable decreases.
Sometimes unions can raise wages above what productivity increases would permit. When this happens, we can be sure that
A) the employment of union workers is increasing. B) some union workers end up losing their jobs. C) there is a redistribution of income from union workers to nonunion workers. D) featherbedding will occur.