The figure above shows the demand for fruit snacks. Which movement reflects an increase in the price of a substitute for fruit snacks?
A) from point a to point e
B) from point a to point b
C) from point a to point c
D) from point a to point d
D
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Where was the largest market for the huge increase in U.S. manufacturing output in 1860–1910 located?
(a) In Europe (b) In Asia (c) Within the U.S. (d) In the Third World
Which of the following is true of inflation?
A. It occurs when the demand for a particular currency is more than the supply B. It occurs when securities are purchased in one market for immediate resale in another. C. It occurs when two parties agree to exchange currency and execute a deal at a specific date in the future. D. It occurs when the quantity of money in circulation rises faster than the stock of goods and service. E. It occurs when output increases faster than the money supply.
An increase in which of the following variables should cause an increase in profit per unit of capital?
A) total wages and salaries B) total sales C) the capital stock D) the ratio of total sales to the capital stock E) the ratio of total sales to total wages and salaries
If the size of the underground economy is large
A) government agencies have difficulty measuring nominal and real GDP. B) it is relatively easy to gather productivity data on many businesses. C) measuring nominal GDP is relatively easy, but measuring real GDP is difficult. D) measuring real GDP is relatively easy, but measuring nominal GDP is difficult.