The part of consumption that does not depend upon the level of disposable income is
A) autonomous consumption. B) savings.
C) average propensity to consume. D) saving.
A
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Industrialized countries typically ________ their floating exchange rates. Developing countries often ________ their floating exchange rates
A) manage; peg B) peg; manage C) allow markets to determine; fix D) fix; manage E) fix; allow markets to determine
In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?
a. 1/3 laptop per hour b. 3 hours per laptop c. 1200 laptops d. 400 laptops
A price floor in a competitive market will result in persistent shortages of a product.
Answer the following statement true (T) or false (F)
If Japan has a trade surplus and the United States has a trade deficit, the trade gap could be eliminated by:
A. expansionary monetary policy in both Japan and the United States. B. expansionary monetary policy in Japan or contractionary monetary policy in the United States. C. contractionary monetary policy in both Japan and the United States. D. contractionary monetary policy in Japan or expansionary monetary policy in the United States.