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Question 49 (1 point) D2 $5 Price (per kilo) b N D2 OD1 D3 - Q 0 2 6 8 10 12 14 16 18
Question 49 (1 point) D2 $5 Price (per kilo) b N D2 OD1 D3 - Q 0 2 6 8 10 12 14 16 18 20 Quantity demanded (thousands of kilos per week) Refer to the diagram, which shows three demand curves for coffee. Which of the following can cause the change in the demand for coffee illustrated by the shift from D1 to D2? An increase in the price of sugar A decrease in the price of tea A technological improvement in the production of coffee An increase in consumer incomesQuestion 50 (1 point) The largest component of total expenditures in Canada is: O consumption. O net exports. O gross investment. government purchases. Question 51 (1 point) Eckstein has lost her job in a Quebec textile plant because of import competition. She intends to take a short course in electronics and move to B.C. where she anticipates new jobs will be available. We can say that Eckstein is faced with: O cyclical unemployment. structural unemployment. secular unemployment. frictional unemployment.Question 54 (1 point) Price Do 0 A B C Quantity The above diagram shows the demand for and the supply of product X. Assume that the market for X is competitive. If the supply curve is S1 and the demand curve is Do, then: O a surplus of GH units would occur. there is a shortage of AC units at OF. there is a surplus of AC units at OF. Oa shortage would occur at any price above OG.Question 52 (1 point) Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. Refer to the above information. All else equal, if the price of each input increased from $4 to $6, productivity would: remain unchanged. fall from 2 to 3. rise from 1 to 2. Ofall from .50 to .33. Question 53 (1 point) Knowing that in the real world, the demand for goods and services could change unexpectedly, firms would attempt to deal with it by: switching to the production of another product in the short run. O closing down the production in the short run with the hope that the situation would change in the future. O producing different levels of goods and services according to the changes in demand. maintaining an inventory
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