If planned aggregate expenditure is less than total production,
What will be an ideal response?
GDP will decrease
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Refer to the table below. Based on their comparative advantage, Martha should specialize in ________ while Julia should specialize in ________. Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. cakes; pies B. neither pies nor cakes; both pies and cakes C. pies; cakes D. both pies and cakes; neither pies nor cakes
The United States, as a bilateral aid donor
a. ranks high in amount and high as a percentage of GDP b. ranks low in amount and high as a percentage of GDP c. ranks high in amount and low as a percentage of GDP d. ranks low in amount and low as a percentage of GDP e. is not ranked because all its aid is provided through the World Bank
Profit per unit is the difference between
A) average revenue and average total cost. B) marginal revenue and marginal cost. C) total revenue and total cost. D) average revenue and marginal cost.
What is not an accurate description of US immigration?
a. Significant immigration from continental Europe started after the War of 1812. b. Most immigrants in the initial period of the US came from NW Europe, were replaced first by immigrants from Asian nations, which were eventually replaced by immigrants from SE Europe. c. Large scale immigration from Latin America to the US started since the Depression.