What kind of changes would be expected in the demand of a country that has an increasing population?
a. a rise in the demand for recreation
b. a shift in the demand for high-quality food
c. a rise in the demand for shelter
d. a lowering in the demand for automobiles
Ans: c. a rise in the demand for shelter
You might also like to view...
The median voter model suggests that _____
a. extreme candidates are unlikely to change positions over time b. extreme candidates have an easier time winning election because of the fervor of their supporters c. extreme candidates will have a difficult time winning election d. extreme candidates will be able to move a party's platform to better fit their positions
During 2003, the Federal Reserve began to openly discuss deflation. Their comments suggested they
A. knew it was something to watch because of the Japanese experience of the 1990s, but did not alter policy significantly to combat it. B. were neutral about whether deflation would be a good thing. C. were enthusiastic about the possibility. D. knew it would be a disaster, so they immediately cut the target federal funds rate by 5 percentage points to avoid the possibility.
Monopolies are inefficient because
A) they price discriminate. B) they maximize profits. C) they always make above-normal profits. D) they charge a price above marginal cost.
National income equals
A. net national product minus taxes on production and imports and employer contributions to Social Security. B. net national product minus statistical discrepancy. C. gross national product minus depreciation. D. GNP minus depreciation and taxes on production and imports.