A shift in the supply curve for gasoline in the United States would result if
A. significantly more people decided to use mass transit rather than travel by automobile.
B. the price of gasoline increased.
C. the price of automobiles fell dramatically.
D. None of the choices are correct.
D. None of the choices are correct.
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Suppose that one country has a GDP that is ten percent of its richer neighbor, but the poorer country is growing at a rate of eight percent per year while the richer country is growing at a rate of two percent per year
Which country will be richer in 60 years?
The APS in the United States is generally
A. below .01 B. between .01 and .07. C. between .15 and .25. D. between .7 and .75.
Household income is ________ related to consumption and ________ related to household saving.
A. negatively; negatively B. positively; positively C. negatively; positively D. positively; negatively
Refer to above figure. Assume that Boeing is the first to enter the Hungarian market. Without a government subsidy what price would they demand, and what would be their total profits?
What will be an ideal response?