Refer to the given table. Relative to column C, column D represents:Price Per UnitColumn A Units Per YearColumn B Units Per Year$205040$306050$407060$508070$609080
A. an increase in demand.
B. a decrease in supply.
C. a decrease in demand.
D. an increase in supply.
Answer: B
You might also like to view...
In the money market, if the interest rate exceeds the equilibrium interest, there is a surplus of money. How is the surplus eliminated?
A) People buy bonds to rid themselves of the surplus money, bidding up their price and pushing interest rates down. B) Banks will lend out the surplus, lowering interest rates. C) The Federal Reserve will destroy currency, reducing the quantity of money. D) The high interest rate increases the demand for money, eliminating the surplus.
In 1986, an Apple IIe computer with 65 kilobytes of memory cost around $1,500. Today, a $1,500 iMac computer (also made by Apple) comes with 8 gigabytes of memory. This illustrates the potential for what kind of bias in CPI calculations?
A) outlet bias B) new product bias C) increase in quality bias D) substitution bias
A cross-country analysis of health expenditures and statistics suggests that expenditures (as a percentage of GDP) in the U.S. are ________ than the rest of the world, and that treatment in the U.S. is
A. higher; unambiguously worse in all areas. B. higher; unambiguously better in all areas. C. higher; less effective in some areas and more effective in other areas. D. lower; less effective in some areas and more effective in other areas.
If a nation has a comparative advantage in the production of X, this means the nation:
A. cannot benefit by producing and trading this product. B. must give up less of other goods than other nations in producing a unit of X. C. has a production possibilities curve identical to those of other nations. D. is not subject to increasing opportunity costs.