An increase in demand is represented by a

A) shift of the demand curve to the left.
B) shift of the demand curve to the right.
C) movement down the demand curve.
D) movement up the demand curve.


B

Economics

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A normal good is a good for which demand

A) decreases when income increases. B) increases when income increases. C) decreases when population increases. D) increases when population increases.

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Which of the following provides the foundation of the case for free trade?

a. the law of diminishing marginal utility b. the anti-dumping argument c. the industrial diversity argument d. the law of comparative advantage

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Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:

A. 3 cappuccinos. B. 1/3 of a cappuccino. C. 9 cappuccinos. D. 6 cappuccinos.

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Reserve requirements for checking accounts are ____ those on time deposits.

A. higher than B. lower than C. the same as

Economics