Which of the following is not a direct determinant of net export spending?
A. Domestic income.
B. Interest rates.
C. Exchange rates.
D. Foreign income.
Answer: B
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Which of the following is not appropriate, if we live in a world of fixed exchange rates?
A) monetary approach to the exchange rate B) elasticities approach C) monetary approach to the BOP D) absorption approach
Lengthening of the average unemployment spell suggests that ________ unemployment is growing in importance
A) frictional B) structural C) cyclical D) turnover
When price exceeds average variable cost in the short run, a competitive firm's marginal cost curve is regarded as its supply curve because
a. the position of the marginal cost curve determines the price for which the firm should sell its product. b. among the various cost curves, the marginal cost curve is the only one that slopes upward. c. the marginal cost curve determines the quantity of output the firm is willing to supply at any price. d. the firm is aware that marginal revenue must exceed marginal cost in order for profit to be maximized.
Which of the following would allow the production possibilities curve for an economy to shift outward?
What will be an ideal response?