The Index of Leading Indicators
A. is the most widely used forecasting tool of economic fluctuations in the U.S. economy.
B. consists of ten economic indicators that tend to lead general economic activity.
C. is comprised monthly by the Conference Board, a private business group.
D. is a useful tool when used with caution.
E. all of the choices are correct.
E. all of the choices are correct.
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Because the United States is highly integrated with the international capital market, international capital flows tend to
A. counteract the negative effect on aggregate demand of lower interest rates. B. counteract the positive effect on aggregate demand of higher interest rates. C. strengthen the negative effects on aggregate demand of higher interest rates. D. strengthen the negative effects on aggregate demand of lower interest rates.
The above figure shows the PPF for a country that produces computers and computer factories. The nation's production possibilities frontier is PPF0. At which of the following production points would the economy grow most rapidly?
A) Point A B) Point B C) Point C D) It makes no difference among the three points because they are all production efficient. E) More information is needed to answer the question.
Jenn is willing to pay $75 for a purse and the purse's price is $60. What is Jenn's consumer surplus on this purse?
What will be an ideal response?
Costs as measured by accountants generally does not include
A) any of the opportunity costs of the firm. B) any measure of depreciation. C) the economic depreciation of the firm's equipment. D) any rental rates.