If the price of cotton used in making blue jeans increases, which of the following will occur?
A) There will be a movement along an unchanged supply curve for jeans.
B) The supply curve for jeans will shift rightward.
C) The supply curve for jeans will shift leftward.
D) There will be a rightward shift in the supply curve for jeans, followed by a movement along the supply curve.
C
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Spending on durable goods, nondurable goods, and services is included in:
A. investment. B. net exports. C. consumption expenditures. D. government purchases.
In theory, any object ________ could play the role of fiat money
A) in unlimited supply B) for which demand is limited C) in limited supply D) that has an unlimited demand
Population growth is similar to depreciation, in that ________
A) each lowers the capital-labor ratio B) each tends to encourage saving C) capital wears out faster when used by more workers D) each helps to explain how economies can sustain a positive growth rate of output
The public sector grew the most in Japan, rising from 35 percent relative to GDP in 1997 to 39 percent in 2016
a. True b. False Indicate whether the statement is true or false