If the price of Pepsi decreases, all else held constant, then we'd expect to see a consequent shift of the demand curve for
A. Pepsi to the right.
B. Coke to the right.
C. Coke to the left.
D. Pepsi to the left.
Answer: C
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A time endowment is
A. the number of hours in a day. B. a gift of time that a person receives. C. the maximum number of hours in a year that a person can work. D. the largest amount of time that can be spent at leisure. E. all of these answer options are correct.
The Interstate Commerce Commission (ICC) was established in 1887 to regulate:
a. banking. b. railroads and all surface transportation. c. nationwide advertising. d. interstate sales of food and drugs.
A Mexican oil field service company works on oil rigs in the U.S. The value of the company's services produced by Mexican citizens and the equipment they own is included in
a. Mexican GNP and U.S. GNP. b. Mexican GDP and U.S. GNP. c. Mexican GNP and U.S. GDP. d. Mexican GDP and U.S. GDP.
According to economists, one of the signs of an unhealthy economy is a(n)
A. rising labor productivity. B. increasing real GDP. C. declining real GDP. D. declining unemployment.