A. Shift demand for an inferior product outward
B. shift demand for an inferior product inward
C. shift supply for an inferior product outward
D. Shift supply for an inferior product inward
A. Increased employment
B. Increased unemployment allowance
C. More progressive taxes
D. More regressive taxes
A. services and white-collar jobs
B. manufacturing and blue-collar jobs
C. natural resource extraction and mining jobs
D. agriculture and farming jobs
A. demand is inelastic and supply in elastic
B. supply is inelastic, and demand is elastic
C. both supply and demand are elastic
D. both supply and demand are inelastic
A. relative price
B. elasticity
C. J Curve
D. Pass through
A. embargoes
B. tariff-rate quotas
C. voluntary export restraints
D. nontariff barriers
A. a place to buy things
B. a place to sell things
C. the process by which prices adjust to reconcile the allocation of resources
D. a place where buyers and sellers meet