If a change in the U.S. price level caused U.S. imports to increase, it must be true that the price level:
A. increased.
B. decreased.
C. became elastic.
D. became negative.
A. increased.
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Nonmarket work includes time spent
a. producing goods and services for your employer b. pursuing hobbies and crafts c. engaging in strenuous physical exercise to reduce your weight d. producing your own goods and services e. managing your own firm
The largest labor unions in the United States are the
A. Walmart employee union. B. International Brotherhood of Teamsters (Teamsters). C. Service Employees International Union and the National Education Association (NEA). D. International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW).
Suppose the Fed increases the money supply. Which of the following is true?
A) At the original interest rate, the quantity of money demanded is equal to the quantity of money supplied. B) At the original interest rate, the quantity of money demanded is less than the quantity of money supplied. C) At the original interest rate, the quantity of money demanded is greater than the quantity of money supplied. D) The interest rate must rise for the money market to clear.
At the Pampered Pet Salon the marginal products of the first, second, and third workers are 20, 16, and 10 dogs washed, respectively. The total product (number of dogs washed) of the three worker is
A. 15.33. B. 30. C. 46. D. 138.