If the price of automobiles were to increase substantially, the demand curve for gasoline would most likely
A) shift leftward.
B) shift rightward.
C) remain unchanged.
D) become steeper.
A
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A) obsolete ideas in B) advances in C) shocks to D) duplications in
From the economic point of view, profit is
A) a four-letter word. B) the same as loss. C) the result of uncertainty. D) a sign of economic injustice. E) none of the above.
In 1998 an economic and financial crisis in South Korea caused it to experience
A) a surplus in their balance of payments. B) a deficit in their balance of payments. C) a balanced balance of payments. D) an unbalanced balance of payments. E) a lull in international trade.
Unions are exempt from U.S. antitrust laws
a. True b. False Indicate whether the statement is true or false