The above figures show the market for hamburger meat. Which figure(s) shows the effect of a nation-wide strike by butchers and meat-packers?
A) Figure B
B) Figure C
C) Figure D
D) Figures B and C
B
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Economics is
a. the narrow study of how to make money in financial markets b. the broad study of how to allocate unlimited resources to satisfy limited uses c. the broad study of how to allocate limited resources to satisfy unlimited wants d. the narrow study of using stocks and bonds to their maximum potential e. the narrow study of how to be conservative in financial affairs
Which of the following is a difference between a consumption expenditure and an investment expenditure?
a. A consumption expenditure has a short-run motive, while an investment expenditure has a long-run motive. b. A consumption expenditure is confined to a small amount of money, while an investment expenditure requires large sums of money. c. An individual that spends his or her money for investment purposes cannot spend for consumption purposes. d. An individual that spends his or her money for consumption purposes cannot spend for investment purposes.
When a country's government budget deficit decreases,
a. the real exchange rate of its currency and its net exports increase. b. the real exchange rate of its currency and its net exports decrease. c. the real exchange rate of its currency increases and its net exports decrease. d. the real exchange rate of its currency decreases and its net exports increase.
Television would have been considered a "new good" type of innovation because
A. consumers already regularly listened to the radio for entertainment. B. it gave companies a new source of advertising revenues. C. it enhanced the quality of life for most people in the economy. D. it had no equivalent in the past.