Refer to Figure 4.8. If 30 of your friends go to the park and 70 go to the beach,
A) your friends at the beach should switch to the park.
B) your friends at the park should switch to the beach.
C) your friends at the beach should switch to the park and your friends at the park should switch to the beach.
D) your friends should stay where they are.
B
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The owner of a railroad that carries cargo should ________ supply when she foresees regulations that will ________ the cost of shipping cargo by truck
A) decrease; increase B) decrease; leave unchanged C) increase; increase D) leave unchanged; increase
If an unemployed person quits looking for work, then, eventually the unemployment rate
a. decreases, and the labor-force participation rate is unaffected. b. and the labor-force participation rate both decrease. c. is unaffected, and the labor-force participation rate decreases. d. and the labor-force participation rate are both unaffected.
Refer to the graph shown. Given the price increase in the graph, we can infer that the international effect by itself:
A. reduces the quantity of aggregate demand by less than Y0 ? Ye. B. reduces the quantity of aggregate demand by Y0 ? Ye. C. raises the quantity of aggregate demand by less than Y0 ? Ye. D. raises the quantity of aggregate demand by Y0 ? Ye.
Even at higher levels of __________, people will still face spending trade-offs, choices, and opportunity costs.
a. savings b. supply c. income d. demand