Net exports are:
A) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation.
B) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation.
C) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation.
D) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation.
B
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Because the government has so much money, and can print more, it does not need to borrow and therefore rarely pays net interest on debt
Indicate whether the statement is true or false
If something happens to alter the quantity demanded at any given price, then
a. the demand curve becomes steeper. b. the demand curve becomes flatter. c. the demand curve shifts. d. we move along the demand curve.
If average labor productivity in two countries is the same, average living standards will be lower in the country with:
A. the smaller population. B. the lower share of population employed. C. the larger population. D. the higher share of population employed.
How will the price and output of a monopolist compare with perfect competition?
A. The output of the monopolist will be too large and the price too high. B. The output of the monopolist will be too large and the price too low. C. The output of the monopolist will be too small and the price too high. D. The output of the monopolist will be too small and the price too low.