Which of the following is an exogenous variable in the model of a small open economy, but an endogenous variable in the model of a large open economy?
A)
B) C
C) Y
D) NX
E) G
A
Economics
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If a country began exporting product A and importing product B, then, as compared to the autarky (no-trade) situation, the marginal cost of product A will
A) increase. B) decrease. C) shift outward. D) shift inward. E) remain the same.
Economics
Tax loopholes serve to
a. improve the incomes of the poor. b. erode the progressivity of the income tax. c. increase the progressivity of the income tax. d. decrease work incentives for the poor.
Economics
A decrease in demand is shown graphically by a:
a. Downward movement along the demand curve b. Decrease in the cost of production c. Movement up along the demand curve d. Shift of the demand curve to the left
Economics
Refer to the data. Personal income is:
A. $229.
B. $253.
C. $274.
D. $243.
Economics