After Widespread Press Reports About the Dangers of Contracting "Mad

question 7

Multiple Choice

After widespread press reports about the dangers of contracting "mad cow disease" by consuming beef from Canada, the likely economic effect on the U.S. demand curve for beef from Canada is:

• A) no change; only the supply curve for beef is likely to be affected.
• B) a shift of the demand curve for beef to the left.
• C) a movement down along the demand curve for beef to the right.
• D) a shift of the demand curve for beef to the right.

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the desire to do a task well.

Agreeableness

A personality trait characterized by compassion, cooperation, and a desire for social harmony.

Neuroticism

A personality trait characterized by a tendency to experience negative emotions such as anxiety, anger, or depression more frequently and intensely than others.

Consistency

The characteristic of being uniform, stable, and lacking in contradiction over time or across situations.