If the price of a good rises, then moving along a demand curve the percentage change in the quantity demanded will be
A) positive.
B) negative.
C) zero.
D) either positive, negative, or zero depending on how the demand curve shifted.
E) undefined.
B
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The stock market boom of the 1920s occurred in part because the demand for stocks increased. The source of this demand increase originated from whom?
(a) Ordinary workers who experienced rising wages and now had incentive to invest in the stock market, thus driving up stock prices. (b) The people in the upper income strata; they received a high percentage of the increase in realized income during the 1920s and invested much of it in the stock market. (c) Farmers who, finding agriculture increasingly unprofitable, began investing in the stock market rather than in farm land and equipment. (d) Foreign investors who were optimistic about America's future and accordingly invested in American stocks.
Suppose a country has a current account surplus and that there is no intervention by finance ministries or central banks. This current account surplus indicates that the country has
A) a deficit in its financial account. B) a surplus in its financial account. C) the official reserve transactions balance is positive. D) the official reserve transactions balance is negative.