Economists account for changes in tastes for a good as:

A. irrelevant for the demand curve.
B. shifts in the demand curve.
C. not demonstrable on the demand curve.
D. movements along the demand curve.

Answer: B

Economics

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A restriction on imports is likely to reduce further restrictions on trade

Indicate whether the statement is true or false

Economics

Stagflation refers to a situation in which the economy is experiencing:

A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.

Economics