The revolutionary concept put forward by John Maynard Keynes was to stimulate aggregate demand through expansionary fiscal policy
Indicate whether the statement is true or false
true
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China is one of the world's largest exporters. As the world's economies slipped into a worldwide recession in 2008, there was a ________ China's aggregate demand curve as China's exports ________
A) rightward shift of; decreased B) movement upward along; increased C) leftward shift of; decreased D) movement upward along; decreased
If the economy were producing at point F,
A. it would not be using its resources efficiently.
B. it would be in a recession.
C. it could gain units of guns without having to sacrifice units of butter.
D. it would specializing exclusively in butter production.
Muhammad is choosing between two ride-sharing services. Ride-sharing service A estimates a wait time of 10 minutes and a total price of $8.00 for the ride to his destination, whereas ride-sharing service B estimates a wait time of only 4 minutes but a total price of $12.00. Assuming that service A generates 2 utils and service B generates 8 utils, which service should Muhammad rationally choose?
a. service A b. service B c. either service because both offer the same utility per dollar d. neither service because both offer negative utility per dollar
Which of the following identifies an important reason why empirical studies find that joining the European Economic Community (EEC) in 1973 may have imposed a substantial net cost on Britain?
A. Removal of trade barriers on imports from Australia and New Zealand B. Trade creation for British manufactured goods C. Withdrawal of subsidies received by British farmers D. Trade diversion on agricultural products