Which of the following will occur as the price of a good decreases?
A) The demand curve for that good will shift to the left.
B) The demand curve for that good will shift to the right.
C) The quantity demanded for that good will increase.
D) Demand for that good will increase.
C
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Land on both sides of the border of Brazil and Venezuela has long been occupied by the Yanomamo people. These "fierce people" are the last Stone Age tribe left in South America. Following discovery of gold, approximately 45,000 garimperios (gold miners) invaded the Yanomamo territory. The mining process pollutes the rivers and scares away game, so traditional Yanomamo sources of food, are almost
impossible to find now. The Yanomamo are starving. Economists call this problem a. the cost disease. b. an externality. c. specialization. d. rent seeking.
According to the textbook, in the book version of The Wonderful Wizard of Oz, Dorothy's slippers are
A) gold. B) silver. C) ruby. D) paper.