All other factors held constant, if the price of game consoles rise, the demand for gaming titles will
a. shift to the left, because they are normally used together.
b. remain constant.
c. shift to the right, because they are normally used together.
d. shift to the right, because they are substitutes.
a
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If the executives of the U.S. silicon-chip industry lobby Congress for protection from imports on the grounds that theirs is a new industry that needs time to develop technological efficiency, they are using the:
A) environmental standards argument. B) infant industry argument. C) cheap foreign labor argument. D) national security argument.
An increase in the foreign real interest rate will tend to cause, other things the same ________
A) individuals to hold fewer dollar assets B) an increase in the return on dollar assets relative to foreign assets C) an appreciation in the value of the U.S. dollar D) an increase in the demand for dollars