Movement along the demand curve means that the demand schedule ________ and the price ________.
A. changes; stays the same
B. changes; also changes
C. stays the same; also stays the same
D. stays the same; changes
Answer: D
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There is evidence that the presence of unions in a labor market:
A. can push wages up for non-union wage earners in the same market. B. can keep wages low for non-union wage earners in the same market. C. has no effect on the wages of non-union wage earners in the same market. D. has an identical effect on the wages of union and non-union wage earners in the same market.
Suppose that a new drug has been approved to treat a life-threatening disease. The demand for that drug is shown on the graph below. Prior to approval of this drug, the only treatment for this condition was any one of several non-prescription, or over-the-counter, pain relievers. The demand for one brand of the several non-prescription pain relievers is also shown on the graph. 
The manufacturer of the new drug would ________ total revenue by increasing the price from $15 to $16.
A. experience no change in B. decrease C. experience an uncertain change in D. increase
Which of the following is true of index numbers? a. Index numbers are always represented without units
b. The index number for a base year is always less than 100. c. Index numbers can never be more than 120. d. The index number for a year when subtracted from the base year index yields inflation.
In 2009-2010 the federal government
What will be an ideal response?