A move from E to F represents
A. a change in quantity supplied.
B. no change in supply.
C. an increase in supply.
D. a decrease in supply.
C. an increase in supply.
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Legislation that provides a price support for dairy farmers is an example of
a. public-interest legislation b. competing-interest legislation c. a positive-sum game d. special-interest legislation e. concentrated-costs legislation
The use of large amounts of labor relative to capital in an economy indicates: a. labor-intensive production
b. capital-intensive production. c. that wage rates will be relatively high. d. that hand-made goods are of better quality than machine-made goods.
An example of a flow variable is
a. the number of cars in the United States today b. the current value of your wealth c. the population of Mexico d. income e. the number of sweaters a clothing store has on its shelves
When the U.S. debt-to-GDP ratio has fallen, it has generally been because:
A. the budget deficit rose. B. income rose. C. income fell. D. the budget deficit fell.