A movement along the supply curve might be caused by a change in
a. production technology.
b. input prices.
c. expectations about future prices.
d. the price of the good or service that is being supplied.
d
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In the above, which figure(s) show(s) relationship between the variables that is always positive?
A) Figure A only B) Figures C and D C) Figures A and C D) Figures A, C, and D E) Figures A and B
Why do economists test their hypotheses?
A) to see whether people are motivated by self-interest B) to see whether their models predict the choices people will make C) to determine whether government policies have effectively achieved their goals D) to learn what people are thinking when they make the choices they do
National income (NI) is calculated by adjusting GDP for: a. depreciation
b. investment and net exports. c. Social Security insurance contributions and transfer payments. d. corporate and personal income taxes.
Countries in which one would see a spread of ideas, information, images, and people would be categorized under _____ globalization
a. economic b. social c. ethical d. cultural e. political