A contractionary policy can be thought of as:
a. a decrease in the money supply
b. an increase in the money supply
c. an increase in the interest rate
d. either (a) or (c).
d
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When Ford decides to increase production of hybrid cars, it directly answers the ________ question
A) what B) how C) for whom D) where E) why
If the exchange rate has been $2.00 per British pound but now falls to $1.60 per British pound, there will be
a. more U.S. imports from Great Britain because the price of pounds has fallen. b. more exports to Great Britain because the price of pounds has risen. c. fewer exports to Great Britain because the price of the pound has risen. d. more U.S. exports to Great Britain since the price of the dollar has fallen. e. no change in either exports or imports.
Suppose buyers of coffee and sugar regard the two goods as complements. Then an increase in the price of coffee will cause a(n)
a. decrease in the demand for sugar and a decrease in the quantity supplied of sugar. b. decrease in the supply of sugar and a decrease in the quantity demanded of sugar. c. decrease in the equilibrium price of sugar and an increase in the equilibrium quantity of sugar. d. increase in the equilibrium price of sugar and a decrease in the equilibrium quantity of sugar.
The rules of accounting generally require that ________ costs be used for purposes of keeping a company's financial records and for paying taxes. These costs are sometimes called ________ costs
A) economic; legal B) real; explicit C) total; economic D) explicit; accounting