From 1980 to 1987, U.S. net capital outflows decreased. According to the open-economy macroeconomic model, which of the following could have caused this?
a. an increase in the demand for U.S. currency in the market for foreign-currency exchange
b. a decrease in the demand for U.S. currency in the market for foreign-currency exchange
c. an increase in the supply of loanable funds
d. a decrease in the supply of loanable funds
d
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The "axiomic" view of bargaining is the
a. Strategic view of bargaining b. Non-strategic view of bargaining c. All of the above d. None of the above
How much of all income tax is paid by the top 10 percent of earners?
a. one-third b. two-thirds c. one-fourth d. one-half
Figure 4-25
Refer to . Consumer surplus before the tax was levied is represented by area
a.
A.
b.
A + B + C.
c.
D + E + F.
d.
F.
Which of the following is the best example of leisure?
a. Cynthia goes out for tea with an old friend. b. Bertrand wins $10,000 on an illegal bet. c. Constanza spends all day cleaning her basement. d. Jessie babysits for his neighbor.