Refer to Table 13-2. What is likely to happen to the product's price in the long run?
A) It will fall.
B) It will remain constant.
C) It will increase.
D) This cannot be determined without information on its long-run demand curve.
A
Economics
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A key barrier to labor mobility within Europe is
A) the laziness of Germans. B) full employment in most European countries. C) differences in language and culture. D) lack of transportation. E) the physical barriers in the landscape.
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If personal income tax rates are decreased in an attempt to stimulate spending, we should expect to see
a. an increase in consumption and an increase in GDP. b. an increase in consumption and a decrease in GDP. c. a decrease in consumption and a decrease in GDP. d. a decrease in consumption and an increase in GDP.
Economics