A decrease in demand would be represented by
A) the price of a good going from $3 to $4.
B) an increase in the cost of resources used to produce the good.
C) a movement along the demand curve.
D) a shift of the demand curve to the left.
D
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If countries have similar factor endowments and productivities, their trade is likely to be interindustry
Indicate whether the statement is true or false
Healthy Crunch contractually requires distributors who purchase Healthy Crunch's snack bars to also purchase Healthy Crunch's breakfast cereal. The legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 7 B) 2 C) 8 D) 3
The assumption that people do not intentionally make decisions that would leave them worse off is known as
A) the rationality assumption. B) the microeconomic assumption. C) the ceteris paribus assumption. D) the normative assumption.
The short-run Phillips curve is downward sloping but the long-run is a vertical line
a. True b. False Indicate whether the statement is true or false