Which of the following is a valid argument for protection?
A) national defense
B) fair trade
C) creation of employment
D) All of the above
A
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Suppose the demand curve for a product is represented by a typical downward-sloping curve. Now suppose the demand for this product decreases. Which of the following statements accurately predicts the resulting decrease in price?
A) The increase in price is not affected by the elasticity of the supply curve. B) The more elastic the supply curve, the smaller the price decrease. C) The decrease in price will always be proportional to the magnitude of the demand shift. D) The more elastic the supply curve, the greater the price increase.
The above figure shows a graph of the market for pizzas in a large town. If the price falls from $10 to $7 per pizza, the quantity of pizzas demanded will
A) increase by 20. B) decrease by 30. C) increase by 30. D) decrease by 10.
The velocity of money is:
a. the purchasing power of money. b. the value of a dollar in relation to foreign currency. c. the average number of times each dollar is spent on final goods and services in a given year. d. the average length of time it takes for a dollar of income to be spent. e. the total amount of money that is in circulation for consumption spending.
What muscle is located above the waist?
A. Deltoid B. Gastrocnemius C. Gluteus maximus D. Tibialis anterior