If the price of automobiles were to increase substantially, the demand curve for automobiles would most likely

A) shift rightward.
B) shift leftward.
C) remain unchanged.
D) become steeper.

C

Economics

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Identify whether each of the following topics would be primarily a concern of microeconomics or macroeconomics:

a. The decision by a household to eat in rather than go out for dinner this evening. b. The unemployment rate increased from 4.5% to 4.8%. c. A decision by the Federal Reserve Bank to decrease the supply of money in the economy. d. The general level of prices increased by 5% last year. e. The price of bicycles increased by $30 last year. f. The family restaurant chain closed down after losing much of its customer base to fast-food competitors over the last few years.

Economics

Which of the following were prominent among the protesters at the WTO meetings since 1999?

A. labor union members concerned that free trade undermined worker rights to organize. B. environmentalists concerned that corporations would locate in countries that had very lax environmental standards. C. human rights advocates concerned that free trade condoned sweatshop working conditions. D. All of the answers are true.

Economics