During the 1980s both the relative price and the purchases of BMWs increased dramatically. In the economic way of thinking,
A) the supply curve of BMWs shifted to the right.
B) the demand curve for BMWs shifted to the right.
C) the supply curve of BMWs shifted to the left.
D) the demand curve for BMWs shifted to the left.
Question 2
What is a major reason international trade is restricted?
A) rent seeking
B) to allow competition with cheap foreign labor
C) to save jobs
D) to prevent dumping
E) to eliminate monopolies
The burning of fossil fuels has greatly increased atmospheric CO2 levels and temperatures.
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