Which of the following events would NOT cause India to shift away from exporting call center services to the United States?
A. The development of automated software that handles a large fraction of customer questions and sales orders
B. An increase in the number of Chinese who speak English well
C. An increase in the value of the dollar against the rupee
D. An increase in the other employment opportunities available to English-speaking college graduates in India
Answer: C
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In the above figure, the economy is initially at point B. If taxes increase, there is
A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.
A stock market
A. guarantees that a seller of a stock will get the price at which the stock was purchased. B. is used only to sell new stock issues from corporations and not to transfer existing stocks. C. is used only to sell stocks, not to buy stocks. D. gives an individual a chance to invest in stocks without committing funds for long periods of time.
The average propensity to consume is
A. real saving/real disposable income. B. change in real saving/change in real disposable income. C. real consumption/real disposable income. D. change in real consumption/change in real disposable income.
The Federal Reserve System acts as the government's fiscal agent by
A. determining how to finance a deficit. B. preparing the budget the President presents to Congress every year. C. providing checking account services for the government. D. auditing taxpayers.