Given that India and Sri Lanka are trading partners, if Sri Lanka experiences a recession, the aggregate demand curve of India will shift to the right
a. True
b. False
Indicate whether the statement is true or false
False
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Some studies show that even students who earned high grades in science classes accept disproven explanations for scientific phenomena. These disproven explanations had been acquired prior to the science classes. These studies provide some support for which of the following systematic mistakes that people make?
a. people are overconfident b. people give too much weight to a small number of vivid observations c. people are reluctant to change their minds d. All of the above are correct.
Refer to the graph below for a purely competitive firm in the short run. If the firm increases its output level from B to C, then its total profits will be:
A. Negative and decreasing
B. Negative and increasing
C. Positive and increasing
D. Positive and decreasing
Which of the following factors fosters the survival of alternative-energy companies?
A. Low price of conventional energy B. Taxes on alternative energy C. Government subsidies for alternative energy D. High production costs of alternative energy
If a factory hires 1,000 new workers, the nation's output level is probably
a. increasing and unemployment is likely to increase b. increasing and unemployment is likely to decrease by 1000 individuals c. fluctuating d. stable e. increasing and unemployment is likely to decrease by less than 1,000 individuals