Category: Economics

The Vietnam War (1955-1975)In what ways did the U.S. government’s foreign policy during the Vietnam War reflect or fail to reflect its responsibility towards international law and human rights?

➤ When will technology cause only a movement along the supply curve instead of a shift?
You get a movement along the supply curve when the market price of the good changes and firms respond by supplying more or less. A technological improvement causes a supply shift, not a movement, because it changes production capability at every price rather than changing the price itself.

➤ What movement were women active in during the 19th century?
Women were particularly active in the abolitionist movement, campaigning to end slavery in the United States and Britain. They formed anti-slavery societies, led petition drives, gave public lectures, and assisted escaped people through the Underground Railroad. Leaders like Sojourner Truth and the Grimké sisters connected abolition to wider social reform.

When the price of product A decreases by 3%, its quantity demanded increases by 15% and the quantity demanded for Product B increases by 20%. What is the elasticity of demand?
-0.15
-0.2
-5
-6.67