Over the previous year, 2,000 boxes of antihistamine tablets were sold at a price of $20 per box, and during the current year, 2,500 boxes of tablets were sold at $25 a box. The most likely interpretation of these data is that the
A. supply and demand curves are shifting to the right.
B. supply and demand curves are shifting to the left.
C. the supply curve has shifted to the left, with no change in demand.
D. the demand curve has shifted to the right, with no change in supply.
Answer: D
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If the balance on the current account in the United States is $750 billion, which of the following is most likely to be true?
A) The balance on the financial account is negative. B) The trade balance is negative. C) The balance on the capital account is positive. D) Net foreign investment is negative.
The interest paid on corporate bonds is not subject to federal taxes.
Answer the following statement true (T) or false (F)
If Dian chooses a job with a lower income over one with a higher income, she cannot be maximizing utility
a. True b. False
If C = $1,000 + 0.8(Y) and intended investment is $4,000 . then the equilibrium level of national income will be
a. $3,200 b. $25,000 c. $7,778 d. $13,200 e. $14,000