(Ref 7-3 Figure: Shifts in Demand and Supply). The figure shows how supply and demand might shift in response to specific events. Suppose a fall frost destroys one-third of the nation's orange crop. Which panel BEST describes how this will affect the market for oranges?

Refer to Scenario 12.1. What is the probability of neither Simon nor Paula trying to rescue the man?

A) 9% B) 21% C) 30% D) 49%

The purchasing power parity hypothesis implies that an increase in inflation in one country relative to another will over a long period of time

a. increase exports b. reduce the competitive pressure on prices c. lower the value of the currency in the country with the higher inflation rate d. increase foreign aid e. increase the speculative demand for the currency

In the United States today, households headed by single women are more likely to be poor than:

A. married families. B. black males. C. Hispanic males. D. All of these are true.

The type of good with the smallest trade deficit in the U.S. based on data from 2016 is:

A. foods, feeds, and beverages. B. capital goods. C. industrial goods. D. automotive goods.