All of the following cause a shift in the demand curve EXCEPT a change in the
A) price of related goods.
B) price of the good or service.
C) consumer income.
D) number of consumers.
Answer: B
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This year a firm produces $100 million worth of cars this year and sells $102 million worth of cars. Which of the following is true?
A) GDP for this year will increase by $100 million. B) GDP for this year will increase by $102 million. C) Inventory investment will increase by $2 million. D) GDP for this year will increase by $202 million. E) The premise of the question is wrong because it is impossible for a firm to sell more than it produces in a given time period.
Refer to Figure 2-4. A movement from ________ could occur because of additional government restrictions toward allowing immigrant labor
A) X to W B) V to W C) Y to X D) W to X
When banks involved in trading activities attempt to outguess markets, they are
A) forecasting. B) diversifying. C) speculating. D) engaging in riskless arbitrage.
Kathleen pays an annual tax on her Porsche. The tax is based on the market value of her car. This is an example of a(n) _____
a. excise tax b. estate tax c. capital gains tax d. personal property tax