In 2004, the worldwide demand curve for cement moved to the right. What does this mean?
A. At any price, the quantity demanded was lower.
B. At the market a given price only, the quantity demanded was higher.
C. At any price, the quantity demanded was higher.
D. At the market price only, the quantity demanded was lower.
Answer: C
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Refer to Exhibit 11-4. If a person’s taxable income is $30,000, how much does he pay in taxes?
A. $4,850 B. $1,400 C. $3,900 D. $4,345
The value of the multiplier changes if the ________ changes
i. marginal tax rate ii. marginal propensity to import iii. marginal propensity to consume A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
Which concept did Hugo Grotius address and construct in his published work of the 1600s, The Law of War and Peace?
a. international regime b. just war theory c. preemptive attack d. prisoner's dilemma
The United States represents a pure command system, with government directly accounting for a little more than one-half of all economic activity
Indicate whether the statement is true or false