If the demand for steak shifts to the left, a likely reason is that
A. the price of cattle feed has risen.
B. the price of pork has fallen.
C. the price of steak has fallen.
D. cattle production has fallen.
Answer: B
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According to this Application, based on the analysis of the sources of growth in China and India, and assuming that nothing changes, it can be concluded that
A) there is convergence between the nations in Asia. B) China's reliance on technology for economic growth makes it less likely to keep pace with the growth rate in India. C) India's long-term growth prospects are not as strong those for China. D) the growth rate in China should significantly slow down in the near future, but the growth rate in India will continue to rapidly increase in the near and distant future.
What are the two most common reasons for a sovereign debt crisis?
What will be an ideal response?
The concept of economies of scope describes the savings acquired from simultaneous production of different products
a. True b. False Indicate whether the statement is true or false
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.