A leftward shift of the entire demand curve could be caused by
A. a decrease in the number of buyers.
B. a change in taste away from the good.
C. an increase in income if the good is inferior.
D. All of the choices are correct.
D. All of the choices are correct.
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Which of the following statements is true?
A) Maximum social surplus implies equity. B) Pareto efficiency implies equity. C) Taxation causes redistribution of wealth among the members in a society. D) Market prices act as signals that result in equal distribution of income and wealth in the society.
Using the table above, if the current market value of the dollar is 110 francs
A) investor A expects dollar appreciation, but B and C expect depreciation. B) investor C expects dollar depreciation, but A and B expect appreciation. C) all three investors expect the dollar to appreciate. D) all three investors expect the dollar to depreciate.
Temporary layoffs are common in the United States, especially among workers who are heavily invested with specific training. Why?
A. Workers without specific training are never hired in the first place. B. Specific training deteriorates quickly, so a laid-off worker with specific training is not valuable to any firm. C. The laid-off worker with specific training is more valuable to the firm that laid her off than she is to any other firm. Thus, it is in the worker's best interest to remain unemployed until recalled to work at her original firm. D. Unemployment benefits are tied to specific training. E. Workers with specific training know they do not need to work hard when employed.
In many years, off-farm income at the national level is ________ than net farm income
Fill in the blank(s) with correct word