If the Price of Aluminum Used to Make Bicycles Increases

question 20

Multiple Choice

If the price of aluminum used to make bicycles increases, the price of a bicycle rises because of a

• A) rightward shift of the demand curve for bicycles.
• B) rightward shift of the supply curve of bicycles.
• C) leftward shift of the demand curve for bicycles.
• D) leftward shift of the supply curve of bicycles.

Recognize the historical trends and policy shifts in U.S. budget deficits and national debt.

Evaluate the impact of government spending and tax policies on economic cycles.

Understand the political and economic considerations in creating and implementing the federal budget.

Understand the factors contributing to federal deficits and their implications on U.S. GDP.

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Definitions:

Consultative Decisions

Are made by one individual after seeking input from or consulting with members of a group.

Manager

An individual responsible for controlling or administering an organization or group of staff; someone who makes decisions and oversees the work of others.

Subordinates

Individuals who are lower in rank or position and are typically under the direction of someone else within an organizational hierarchy.

Novel Idea

A unique or original concept, thought, or innovation that has not been previously considered or explored.