When GM advertises its cars, the company is trying to cause a
a. rightward shift in the supply.
b. rightward shift in the demand.
c. leftward shift in the supply.
d. leftward shift in the demand.
b
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Suppose the U.S. can produce 10 units of food and 5 units of clothing (or any linear combination) and Canada can produce 6 units of food and 3 units of clothing (or any linear combination)
What type of trade will occur between these two countries? Explain.
In measuring income distribution, income and population are grouped by quintiles, each of which represents ______ percent of the income and population
a. 25 b. 20 c. 10 d. 100 e. 50
Which of the following measures can give some indication of the quality of life in an economy?
A. Life expectancy B. Literacy rates C. Child mortality D. All of these help to assess quality of life.
Refer to the graph which shows the supply and demand for money where Dm1, Dm2, and Dm3 represent different demands for money and Sm1, Sm2, and Sm3 represent different levels of the money supply. The initial equilibrium point is A. What will be the new equilibrium point following a decrease in the money supply?
A. B
B. E
C. F
D. I