Figure 10-7
Which of the panels in Figure 10-7 shows an economic expansion caused primarily by a change in aggregate demand?
a.
Panel (A)
b.
Panel (B)
c.
Panel (C)
d.
Panel (D)
c
Economics
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A shift in the demand curve for sailboats resulting from an increase in incomes will lead to
a. higher prices of sailboats. b. lower prices of sailboats. c. a corresponding shift in the supply curve for sailboats. d. lower output of sailboats. e. no change in the price of sailboats.
Economics
A farm can produce 10,000 bushels of wheat per year with 5 workers and 13,000 bushels with 6 workers. The marginal product of the sixth worker for this farm is:
a. 500 bushels. b. 10,000 bushels. c. 23,000 bushels. d. 3,000 bushels.
Economics