Refer to Figure 1A.1. Assume that the graph in this figure represents the demand and supply curves for women's clothing. An increase in the wage rate for seamstresses would be represented by a shift from
A) Demand 1 to Demand 2.
B) Demand 2 to Demand 1.
C) Supply 1 to Supply 2.
D) Supply 2 to Supply 1.
D
You might also like to view...
When there are currency depreciations or appreciations, how is the external wealth of a nation affected?
A) It rises (along with its GDP) when there is a depreciation and falls with an appreciation. B) It usually does not change because external wealth is related to gold and capital. C) The change in wealth depends on the exchange rates with the currencies in which the assets or liabilities are denominated. D) If all assets are domestic and all liabilities are foreign, wealth always rises when there is any kind of exchange rate shift.
Who sets the rules for entitlements when spending is authorized under this category?
A) the agency involved B) the Congress when it appropriates the spending C) each individual state D) the President