The final consumer demand for beef in America will shift to the right if
A. the price of cattle decreases.
B. the price of chicken increases.
C. the price of pork decreases.
D. the price of beef decreases.
Ans: B. the price of chicken increases.
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Skillbiased technological changes:
a. benefit educated workers more than uneducated workers. b. benefit all workers equally. c. benefit uneducated workers more than educated workers. d. benefit no workers.
Refer to the given information. Between 1985 and 2003, the:
Answer the question on the basis of the following information. In 1985, the exchange rate between the U.S. dollar and the Japanese yen was $1 = 262 yen; in 2003, the rate was $1 = 110 yen. A. dollar appreciated in value relative to the yen. B. yen appreciated in value relative to the dollar. C. dollar price of yen fell. D. yen price of dollars rose.