In the graph below, what happen to price and to total revenue points if the equilibrium moves from point B to point A?
A. Price falls and total revenue increases
B. Price falls and total revenue also decreases
C. Price rises and total revenue also increases
D. Price rises and total revenue decreases
B. Price falls and total revenue also decreases
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In 2008, the current account balance was -$706 billion and the capital and financial account balance was +$711 billion. Therefore, the official settlements account balance was ________ and the balance of all payments accounts summed was ________
A) -$5 billion; zero B) negative; negative C) positive; positive D) +$5 billion; zero E) not enough information to determine; negative
When each member of a group has transitive preferences but the collective preferences of the group are not transitive, this is an anomaly known as the ________
Fill in the blank(s) with correct word
Which of the following would not shift a market labor supply curve to the left?
a. an increase in the wage paid to workers in a competing market b. labor-saving technology c. a change in worker tastes so that workers want to retire earlier d. an increase in immigration
An investor practicing hedging would be most likely to:
A. put his/her invested funds in CDs. B. purchase shares in general motors and Amoco oil. C. avoid the stock market and focus on bonds. D. purchase shares in general motors and buy U.S. treasury bonds.