Refer to Figure 11.5. A decrease in the marginal propensity to import is best illustrated by diagram
A) A. B) B. C) C. D) D.
D
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Economic freedom is crucial for achieving economic growth because ______.
A. it gives the incentive to save, invest, expand human capital, and discover and apply new technologies B. it ensures that the majority of citizens make the most important decisions C. only good government can make the right investment decisions D. it protects workers' rights and prevents unfair firing E. it upholds democracy, which is essential if an economy is to grow
In a fractional reserve banking system with no currency where res is the ratio of reserves to deposits, the money multiplier is
A) 1 - res. B) 1 + res. C) 1/res. D) res2
If a bottled soft drink and bottled juice are substitutes, when the price of the bottled soft drink rises
A) demand for bottled juice rises. B) demand for bottled juice falls. C) quantity of bottled juice demanded falls. D) quantity of bottled juice demanded rises.
Choice architects are likely to make program participation:
A. lower, even if they frame it positively. B. the default rule if they want low enrollment. C. the default rule if they want high enrollment. D. the status quo in order to entice high enrollment.