Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by

A. an increase in economic growth.
B. a change in society's preferences for motorcycles versus hybrid cars.
C. a reduction in unemployment.
D. an improvement in technology.

Answer: B

Economics

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An appreciation of the U.S. dollar will tend to encourage, other things the same ________

A) the purchase of U.S. goods by foreign economic agents B) the purchase of foreign goods by U.S. economic agents C) the purchase of U.S. goods by U.S. economic agents D) the purchase of U.S. assets by foreign economic agents

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Following a decrease in the price of a good, an individual will purchase more of the now less expensive good and less of other more expensive goods. This is known as the _____ effect

a. income b. endowment c. substitution d. price e. scale

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Which of the following strategies might a corporation follow to avoid a takeover?

a. refuse stockholders the right to sell their stock b. announce that all common stock will now be nonvoting c. announce that all stock will now become bonds d. use corporate retained earnings to purchase outstanding stock e. refuse to permit any potential raider access to any corporate records

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The Council of Economic Advisers

a. was created in 1776 and consists of three members and a staff of several dozen economists.
b. was created in 1776 and consists of thirty members and a staff of a dozen economists.
c. was created in 1946 and consists of three members and a staff of several dozen economists.
d. was created in 1946 and consists of thirty members and a staff of a dozen economists.

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Economics