An increase in the demand for a product means that the:
a. demand curve shifts to the left.
b. demand curve shifts to the right.
c. supply curve shifts to the right.
d. supply curve shifts to the left.
e. quantity supplied has increased.
b
Economics
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Historic data indicate that there is usually a ________ relationship between trade deficits and federal government budget deficits
A) negative B) zero C) positive D) fluctuating
Economics
The belief that higher taxes on the rich are justified because they have obtained a disproportionately large allotment of the services, infrastructure, and protections the government provides is called
A) utilitarianism. B) diminishing marginal utility. C) the benefits-received principle. D) transcendentalism.
Economics