A change in a third variable not on either axis of a graph is illustrated with a:
a. horizontal or vertical line. b. movement along a curve.
c. shift of a curve. d. point of intersection.
c
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Karl Marx viewed socialism only as a transition to the ideal state of communism
a. True b. False Indicate whether the statement is true or false
In the 1800s, Europeans purchased stock in American companies that used the funds to build railroads and factories. The Europeans who did this engaged in
a. foreign portfolio investment. b. indirect domestic investment. c. foreign direct investment. d. foreign indirect investment.
Economic conflict(s) leading to the Civil War ___________________________.
A. were over tariffs and the extension of slavery into the new territories B. was the growing free trade with England C. was Abraham Lincoln freeing the slaves D. None of the choices are true
The fact that the cross-price elasticity of natural gas with respect to the price of fuel oil is 0.4 implies that
A. natural gas and fuel oil are substitutes. B. natural gas is a normal good. C. the quantity of natural gas demanded will decrease by 1.6% when the price of fuel oil decreases by 4%. D. both a and c