Which of the following will not shift the demand curve for grapefruit to the right?
A. An announcement that eating a grapefruit before every meal will induce weight loss.
B. A technical development that allows machines to replace the workers who harvest grapefruit.
C. The price of oranges, a substitute good, increases.
D. Consumer incomes increase and grapefruit is a normal good.
Answer: B
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Rob is considered unemployed in the Current Population Survey if he
A) does not have a job and stopped looking for a job at least two months ago. B) is in his last term of college before he graduates. C) has looked for a job in the last four weeks but has not found a job. D) has a part-time job but would like a full-time job. E) has worked at least 1 hour but not more than 15 hours as a paid employee during the last week.
An increase in the value of the dollar in international exchange rate markets will cause the relative price of U.S. produced goods to foreigners to rise, the relative price of foreign produced goods to Americans to fall, causing U.S. exports to fall and U.S. imports to rise
a. True b. False Indicate whether the statement is true or false
An increase in the expected future price of a good will cause the current demand for the good to
a. decrease, which is a shift to the left of the demand curve. b. decrease, which is a shift to the right of the demand curve. c. increase, which is a shift to the left of the demand curve. d. increase, which is a shift to the right of the demand curve.
A carbon tax will raise the price of an energy-intensive good such as steel.
Answer the following statement true (T) or false (F)