Which of the following is TRUE about species in the world?
A) Most extinct species became extinct within the past 30 years.
B) The majority of extinct species became extinct before humans appeared.
C) Extinct species became extinct only after human appeared.
D) No species has ever become extinct.
B
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A decrease in autonomous investment of $100 million that occurs when the marginal propensity to save (MPS) equals 0.25 will lead to a decrease in real Gross Domestic Product (GDP) of
A. $40 million. B. $400 million. C. $25 mllion. D. $250 million.
The loss of jobs due to international trade is often:
A. spread across all sectors while decline in prices is concentrated in one sector. B. less visible than the decline in prices due to international trade. C. greater than the benefit of trade in the form of decline in prices. D. more visible than the decline in consumer prices due to international trade.
An increase in the price level shifts the planned expenditures curve upward
Indicate whether the statement is true or false
Which of the following is included in the calculation of national income?
A) compensation of employees B) rental income C) indirect business taxes D) all of the above E) none of the above