If the United States placed an embargo on Swedish products, what would happen in the U.S. market for Swedish furniture?
A) The supply curve would shift to the left.
B) The supply curve would shift to the right.
C) The demand curve would shift to the right.
D) The demand curve would shift to the left.
Answer: A
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Pain, suffering and disfigurement are forms of
a. compensatory damages b. punitive damages c. economic damages d. all of the above.
The information revolution is:
A. putting upward pressure on wages. B. increasing manufacturing employment. C. changing the nature of employment. D. reducing overall employment.
Use the following table to determine which statement is true.YearRevenuesGovernment Expenditures194639.355.2194738.554.5194841.629.8194939.438.8195039.442.6
A. The debt fell from 1946 to 1950. B. The debt rose each year from 1946 to 1950. C. In 1946 and 1950, the budget was in deficit, while from 1948 to 1949, the budget was in surplus. D. In 1946 and 1950, the budget was in surplus while from 1948 to 1949, the budget was in deficit.
From society's point of view, the economic function of profits and losses is to:
A. promote the equal distribution of real assets and wealth. B. achieve full employment and price level stability. C. contribute to a more equal distribution of income. D. reallocate resources from less desired to more desired uses.