In January, buyers of gold expect that the price of gold will fall in February. What happens in the gold market in January, holding everything else constant?
A) The demand curve shifts to the right. B) The quantity demanded decreases.
C) The demand curve shifts to the left. D) The quantity demanded increases.
Question 2
Which of the following statements is true?
A) Trade-offs do not apply when the consumers purchase a product for which there is excess supply, such as with a stock clearance sale.
B) Economics is a social science that studies the trade-offs we are forced to make because resources are unlimited.
C) Every individual, no matter how rich or poor, is faced with situations that require trade-offs.
D) Any time you have to decide which action to take you are experiencing economic equity.
Measures of ocean chlorophyll-a concentrations from part of Atlantic Canada in (a) January 2006, and
Deimos in color on February 21, 2009 by the same (not to scale)
Charlie Chaplin in The Gold Rush.
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...