Assume that the hourly price for the services of personal trainers has risen and sales of these services have also risen. One can conclude that

A) personal trainers are deliberately charging high prices because they provide services for wealthy clients.
B) the demand for personal trainers has increased.
C) the law of demand has been violated.
D) the number of personal trainers has increased.

B

Economics

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Which of the following is a deficit item on the U.S. balance of payments accounts?

A) A U.S. firm sells a product to a Mexican firm. B) An Italian tourist in Miami purchases a beach ball. C) A Spaniard buys 100 shares of Ford stock. D) A U.S. resident buys gold from the Japanese central bank.

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Affirmative action laws require employers to hire specified numbers of minorities

a. True b. False Indicate whether the statement is true or false

Economics