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.
Answer: A
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The General Agreement on Tariffs and Trade and the World Trade Organization have resulted in
A) termination of export subsidies applied to manufactured goods. B) termination of import tariffs applied to manufactures. C) termination of import tariffs applied to agricultural commodities. D) termination of international theft of copyrights. E) a number of rounds of multilateral trade agreements.
The principal benefit of unemployment insurance is that it
a. reduces the occurrence of unemployment in the economy. b. replaces income lost due to unemployment. c. increases labor force participation. d. helps reduce the period of unemployment.