Paper money in the United States is issued by the
A. United States Mint.
B. Federal Reserve Banks.
C. United States Treasury.
D. Federal Open Market Committee.
B. Federal Reserve Banks.
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Suppose the representative firm suddenly has less capital at its disposal. What happens to labor demand?
A) It increases. B) It stays the same. C) It decreases. D) We cannot tell.
Refer to Scenario 18.1. Which of the following is TRUE?
A) The factory will never agree to B, because that would leave them with much less profit than the fishermen. B) C will never occur because that would leave the fishermen with much less profit than the factory. C) If the factory refused to install a filter, the fishermen would refuse to install a treatment plant. D) The factory must install a filter, because they contaminate the water. E) The profits above indicate profit before any agreement is made, and profit varies enough to make a mutually acceptable agreement possible.
Which of the following examples, ceteris paribus, would lead to a change in consumption that would shift that nation’s aggregate demand curve?
a. Youths in Canada increase their student loan debt. b. The Italian government purchases a dozen U.S.-made satellites. c. The U.S. government lowers taxes on businesses. d. Farmers in Ecuador increase their production of plantains.
Using a production possibilities curve, a technological advance that increases the amount of output that can be produced of either good represented on the graph when the amount of inputs remains the same would be illustrated as a(n):
A. flattening of the curve. B. movement from one point to another point along the curve. C. outward shift of the curve. D. movement from a point on the curve to a point inside the curve.