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Is the larger a parallax shift the closer an object is?

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Yes, that's the way it works. A parallax angle of 1" (arc-second) means that the object is at a distance of 1 parsec (that's how the parsec is defined); at a parallax angle of 1/10 of an arc-second, the object would be at a distance of 10 parsec, etc. A parsec is approximately 3.26 light-years.
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It doesn't just happen in space. Stick out your thumb and look at the background; as you move your hand toward you, the greater the parallax shift.
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What is a parallax shift?

A parallax shift is when near stars appear to shift their position  from the farthest stars as the Earth revolves around the sun. When  the star is really far away, the para

At what distance is an object if its parallax is 1 degree?

1 "parsec" = distance for which parallax = 1 degree = 3.26 light years 1 degree = 3,600 seconds of arc distance for parallax of 1 degree = 3,600 seconds = (1 / 3,600) pa

What is higher for closer stars A absolute magnitude B red shift C parallax D blue shift?

The answer would be C) Parallax. The Absolute Magnitude of a star is the star's actual brightness, and is therefore not dependent upon the position of the observer. Red Shift