Which of the following illustrates the law of demand?
A) More people watch college basketball in March than in November.
B) The number of long distance calls in the United States is greater on Christmas than on Valentine's Day.
C) College enrollment increases when federal tuition grants are readily available to students.
D) The prevailing wage rate in an industry determines how many people choose to work in the industry.
C
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Describe the Asian financial crisis as it unfolds beginning with the devaluation of the Thai currency in July 1997, followed by the Malaysian, Indonesian and South Korean crises
As part of your answer, elaborate on the Malaysian response to the crisis versus its troubled neighbors responses.
A decrease in autonomous investment ________
A) increases equilibrium output at any interest rate B) causes a movement down along the IS curve C) shifts the IS curve to the left D) all of the above E) none of the above
If population grows faster than GDP, then per capita GDP must fall
a. True b. False Indicate whether the statement is true or false
Which part of this definition for GDP is incorrect? GDP measures the:
a. Wholesale value of, b. All final goods and services, c. Produced for the market, d. By domestically owned or foreign-owned resources, e. within a nation's geographic borders.