A demand curve is a graphical representation of
A) consumer tastes.
B) national income.
C) the demand schedule.
D) relative prices.
Answer: C
You might also like to view...
New growth theory claims that economic growth occurs because firms reap profits from research and add to the stock of capital
Indicate whether the statement is true or false
For a whole life policy, the policy holder pays
A) premiums based on current interest rates. B) a constant premium. C) premiums that vary with mortality risk. D) constantly declining premiums.
Suppose that an expansionary gap of $500 billion exists in the economy, and the marginal propensity to consume is 0.8 . Which of the following correctly describes a discretionary fiscal policy that will be just sufficient to close this expansionary gap?
a. Increase government spending by $250 billion. b. Increase taxes by $125 billion. c. Decrease government spending by $250 billion. d. Decrease taxes by $125 billion.
Refer to the information provided in Table 20.3 below to answer the question(s) that follow. Table 20.3
Refer to Table 20.3. If the exchange rate is $1 = 1 euro, then
A. the United States will import both raspberries and chocolate. B. the United States will import chocolate and Belgium will import raspberries. C. Belgium will import both raspberries and chocolate. D. Belgium will import chocolate.