If an increase in consumers' incomes results in a leftward shift of the demand curve for a good, which of the following is true?
A) The good has an upward sloping demand curve.
B) The good is a normal good.
C) The demand for the good does not follow the Law of Demand.
D) The good is an inferior good.
D) The good is an inferior good.
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While studying various cultures' terms for colors, Berlin and Kay found that __________
a. many cultures used the same actual words for colors b. from a cross cultural perspective, the naming of colors is chaotic and unsystematic c. the terms for blue and red must have evolved first d. none of these
In "Negotiating Work and Family in America," Shandy and Moe note that no longer holding a high-ranking job is a problem for a woman's prestige. What can a woman do to retain prestige when she spends all her time at home?
a. note what her high prestige jobs had been b. argue that being a stay-at-home mom is actually more important c. note that she and her husband could not afford nannies d. maintain a very clean and well appointed home
Things or quantities that vary are known as _________
a. laws b. theories c. variety d. variables
The process by which capital, technology, products, and services cross national boundaries at prices largely determined by global supply and demand is called:
a. international business. b. market globalization. c. neoliberalism. d. hypercapitalism.