Refer to the information provided in Figure 3.16 below to answer the question(s) that follow.
Figure 3.16Refer to Figure 3.16. When the economy moves from Point A to Point E, there has been
A. a decrease in demand and a decrease in supply.
B. an increase in demand and a decrease in supply.
C. an increase in quantity demanded and an increase in quantity supplied.
D. an increase in demand and an increase in supply.
Answer: B
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A cross-section graph
A) is divided into different sections. B) shows values of an economic variable for different groups in a population at a point in time. C) measures time on the x-axis and the variable in which we are interested on the y-axis. D) Both answers A and C are correct. E) Both answers B and C are correct.
An increase in capital inflows will
A) increase the equilibrium exchange rate. B) increase net foreign investment. C) increase capital outflows. D) decrease capital outflows.
What is the difference between the utility function of a risk averse person and a risk neutral person
Unionization provides ____ in given occupations, and as a result, wage rates in these occupations have a tendency to ____
a. barriers to entry; decrease b. barriers to entry; increase c. ease of entry; decrease d. ease of entry; increase