The short-run supply curves of individual firms in a perfectly competitive industry are horizontally added together to find the industry short-run supply curve
Indicate whether the statement is true or false
true
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In an open economy with flexible exchange rates, monetary policy affects consumption and investment by changing the ________ and affects net exports by changing the ________.
A. growth of domestic real GDP; growth of foreign real GDP B. inflation rate; unemployment rate C. real interest rate; exchange rate D. exchange rate; real interest rate
Which of the following would an economist classify as capital?
A. a corporate bond B. a $50 bill C. a guitar used by a musician D. a post office employee
Geographic areas in which pollution is greater than what is allowed by national ambient air quality standards are referred to as
a. mobile source areas b. prevention of significant deterioration (PSD) areas c. nonattainment areas d. air quality control regions (AQCRs)
Of the following OECD countries, which has the best breast cancer and prostate cancer survival rates?
A) the United Kingdom B) Japan C) Canada D) the United States