Each country's IMF quota subscription is determined by
A. the relative size of its national income.
B. the size of world trade.
C. how much a country wants to contribute.
D. the size of its population.
Answer: A
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Which of the following statements is true of the U.S. economy in the last 200 years?
A) The growth rate of GDP has been more than 10% per year. B) The GDP per capita has decreased. C) The GDP per capita has increased. D) There has been no contraction in the economy.
A change in the price level
A) shifts the AE curve and creates a movement along the AD curve. B) creates a movement along both the AE curve and the AD curve. C) shifts the AE curve and the AD curve in opposite directions. D) creates a movement along the AE curve and shifts the AD curve. E) shifts the AE curve and the AD curve in the same direction.
The entry of new firms into a monopolistic competitive industry will shift the
a. market demand curve to the right b. market demand curve to the left c. existing firms' demand curves to the right d. existing firms' demand curves to the left e. market supply curve to the left
When there is a surplus of a product in an unregulated market, there is a tendency for
A. quantity supplied to decrease. B. price to fall. C. price to rise. D. quantity demanded to increase.