A decline in the price of resource A will
A. shift the demand curve for A to the right.
B. shift the demand curve for A to the left.
C. reduce the demand for complementary resource B.
D. increase the demand for complementary resource B.
Answer: D
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Which of the following explains the changes in the U.S. adult male labor force participation rate since 1948?
A) Fewer men consider themselves discouraged workers as compared to the past. B) More men are joining the military as compared to the past. C) More men are retiring later in life as compared to the past. D) Younger men are remaining in school longer as compared to the past.
What was the rate of growth of real GDP from 1960 to 2010?
a. 19% b. 81% c. 110% d. 376%
Which of the following scenarios is an example of the tragedy of the commons?
a. Extensive fishing of Bluefin Tuna in the Atlantic Ocean b. Overuse of a private swimming pool for recreation c. High demand for burgers from Burger King d. High demand for online movie streaming on Netflix
A low sacrifice ratio would make a central bank less willing to reduce the inflation rate
a. True b. False Indicate whether the statement is true or false