The trade-off of saving the spotted owls in the Pacific Northwest was
A) the loss of salmon in the region.
B) the increase in the number of marbled murrelets.
C) the loss of logging activities by lumber companies.
D) none.
C
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A quota refers to:
A) a tax on imported goods B) a limit on the amount of a good that can be imported C) the range within which an exchange rate is allowed to fluctuate D) a limit on the size of a trade deficit
Employing the information in Figure 3-2 above, when real disposable income is 1000, savings from households would be ________ and the marginal propensity to save would be ________
A) 300; 0.1 B) 100; 0.2 C) 100; 0.1 D) 500; 0.2
An increase in the price level in the economies of U.S. trading partners will cause the aggregate expenditures function in the United States to
a. shift up. b. shift down. c. get flatter. d. get steeper.
A decrease in price will lead to an increase in the quantity demanded.
a. true b. false