A(n) ________ is represented by a leftward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve
A) increase in demand; decrease in quantity demanded
B) decrease in demand; increase in demand
C) decrease in demand; increase in quantity demanded
D) decrease in quantity demanded; decrease in demand
C
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Refer to Figure 21.1. If Area I = 1,700 and Area J = 3,300, what is the Gini coefficient?
A) 0.17 B) 0.34 C) 0.52 D) 2.94
Which of the following market structures have market power?
A) oligopoly B) monopolistic competition C) perfect competition D) Both A and B.
Relying on piecemeal development projects or one-project-at-a-time investments may not propel an LDC out of poverty because
a. the World Bank only approves of the unbalanced growth development strategy and would finance no other strategy b. the World Bank only approves of the big-push development strategy and would finance no other strategy c. they do not include foreign investment or aid d. they lack forward linkages e. of the absence of an infrastructure
The amount of reserves in the economy is often determined by the amount of money in the economy that will achieve a particular interest rate. This reflects the fact that the money supply is:
A. endogenous. B. implicit. C. extrapolative. D. fiat.