Holding other things constant, an appreciation of the US Dollar to the Chinese Yuan might cause the demand for Yuan to _____________ and the supply for Yuan to __________
a. Increase; decrease
b. Increase, increase
c. Decrease; Increase
d. Decrease; Decrease
a
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Which of the following will not cause a short-run shift in the supply curve?
A) a change in the number of sellers B) a change in the cost of resources C) a change in the price of the product D) a change in future expectations
The rate at which prices in general are increasing is called the:
A. inflation rate. B. standard of living. C. trade balance. D. unemployment rate.
There is a bill pending before the Kansas State Legislature that would prohibit private companies from selling health insurance and would make the state the single payer of health care bills. Private health insurance companies that have made above normal profits have spent large sums of money trying to ________. This is an example of rent-seeking behavior.
A. prevent this bill from being passed into law B. pass an even more restrictive bill C. get this bill made into law D. fund the state for its single-payer system
An increase in demand is an increase in the quantity people are willing and able to purchase at ________.
Fill in the blank(s) with the appropriate word(s).