If a good is inferior and income decreases, then
A. the supply curve will shift to the left.
B. the supply curve will shift to the right.
C. the demand curve will shift to the left.
D. the demand curve will shift to the right.
Answer: D
Economics
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As a result of an increase in tariffs, imports decrease and government revenue increases
Indicate whether the statement is true or false
Economics
According to classical economists, unemployment exists because
A) it takes time and effort for someone to find a job. B) government activity causes unemployment. C) the minimum wage generates unemployment. D) workers are all identical.
Economics