H please circle the best choice

1. Which of the following can cause shift in the demand curve? a) change in income b) change in population size c) change in tastes and preferences d) all of the above 2. A positive statement is based on: a) consumer opinion b) government opinion c) facts d) beliefs 3. The concept of opportunity cost refers to a) when a person is in the wrong place at the wrong time. b) what is lost or sacrificed by deciding one thing over an alternative c) failing to take full advantage of an economic situation. d) remaining neutral when being asked to choose one side 4. A rent control is an example of a) a price ceiling b) a price floor c) marginal cost d) marginal benefit5. A union that represents workers in a single occupation is known as: a) a public sector union b) an industrial union c) a trade union d) an open shop 6. While the supply curve is really a straight line that slopes upward from left to right while the aggregate supply curve starts as a straight line and then curves upward and to the right. Why? a) it is elastic or flat at low output levels because most of the input factors are not being utilized b) price levels stay low when production levels are low c) limited resources cause an upward shift in price levels as production increases d) all of the above7. Many buyers and sellers in the markets. all firms selling relatively the same product, producers unable to set their own prices and relative ease to enter the market is an example of a) monopolistic competition b) perfect competition c) oligopolistic competition d) natural monopoly competition 8. Of the four types of industrial activity which one would a hairdresser be classified as? a) primary b) secondary c) tertiary d) quatemary 9. We can show an stable and predictable inverse relationship between inflation and unemployment by creating a graph called the: a) Lorenz Curve b) GINI Coefficient Curve c) Phillips Curve me d) Prodan Curve 10. The demand for the Canadian dollar is based on: a ) simply supply and demand by willingness of the government to supply the currency c) currency exchanges in foreign countries d) depreciation of the U.S. dollar