Over the next few years the number of buyers in the market for sport utility vehicles decreases sharply. As a result, Question 19 options:
A. there is a movement downward along the demand curve for sport utility vehicles.
B. the demand curve for sport utility vehicles shifts leftward.
C. the demand curve for sport utility vehicles shifts rightward.
D. there is neither a shift nor a movement along the demand curve for sport utility vehicles.
B. the demand curve for sport utility vehicles shifts leftward.
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Collective bargaining refers to negotiations between: a. representatives of employers and unions. b. unions and government regulators
c. consumers and producers. d. employers and consumers.
Assume that a Chrysler automobile sells for $15,000 in the United States and that the exchange rate is $1 = €1.3 . For purchasing power parity to hold, the same car should sell in Germany for:
a. €15,000. b. €11,538. c. €19,500. d. €1,538. e. €15,500.
Who tends to benefit from the sugar price supports?
a. users of sugar in other products b. individual users of sugar c. producers of other agricultural products d. producers of sugar e. All of the above are correct.
How can governments intervene in trade?
A. by producing cheaper products B. by helping reduce economic uncertainty C. by not buying products from competing countries D. All of these