Which of the following can be a valid reason for Canada's GDP exceeding its GNP in 2001?
a. Net factor income from abroad in Canada was negative.
b. Canada's GNP measurements were flawed.
c. Canada's indirect business taxes were exceptionally high.
d. The World Bank underestimated Canada's net exports.
e. Canada's residents received more foreign aid than they could spend.
a
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Which school of thought argues that because people anticipate the consequences of announced government policy and incorporate these anticipated consequences into their decision making, they end up undermining government policy?
a. neo-Keynesian b. Keynesian c. monetarist d. supply-side e. rational expectations
When a worker in the United States sends money to his family in Mexico, this transaction is recorded in the U.S. balance of payment as an:
A. outflow in the merchandise account. B. outflow in the net transfer account. C. inflow in the investment income account. D. inflow in the service account.
Which determinant MIGHT increase supply in the market?
A) an increase in the price of complementary goods B) an increase in the number of sellers of a product C) an increase in the number of consumers in the market D) an increase in the price of inputs to make the product
In the figure above, the MRS at point A is ________ the MRS at point B
A) equal to B) less than C) greater than D) not able to be compared to