The larger the value of U.S. imports, the greater the quantity of ________ causing the quantity supplied of dollars to ________
A) U.S. dollars demanded; increase
B) U.S. dollars demanded; decrease
C) foreign currency demanded; increase
D) foreign currency demanded; decrease
C
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According to this Application, the recession of 1929 was primarily due to
A) an increase in aggregate supply resulting from European bank collapses. B) a decrease in aggregate supply due to rising gold prices. C) a decrease in aggregate demand resulting from decreases in government spending. D) a decrease in aggregate demand caused by the private sector.
Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Morocco gain compared to the "without trade" numbers?
A) 0 B) 10 C) 50 D) 60
If, when you consume another piece of candy, your marginal utility is zero, then
A) you want more candy. B) you have maximized your total utility from consuming candy. C) you have not yet reached the point of diminishing marginal utility. D) you should consume less candy.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases B. remains constant. C. initially increases, then decreases. D. decreases.