If the price of gasoline increases significantly, then we'd expect the demand curve for large trucks and SUVs to:
A. Shift to the right
B. Shift to the left
C. Become upward-sloping
D. Not shift, but there will be a movement along that demand curve
Answer: B
Economics
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Which of the following explains what would likely happen if public goods were marketed like private goods?
A. Many consumers would want to buy the goods. B. Government failure would result. C. Public goods would be overproduced. D. Public goods would be underproduced.
Economics
Suppose the working-age population of Country A is 200 million, the number employed is 130 million, and the number unemployed is 10 million. What is the labor force participation rate?
A. 70 percent. B. 65 percent. C. 75 percent. D. 60 percent.
Economics