Which of the following typically purchases the most goods and services in the U.S. economy?
A. Businesses.
B. Foreigners.
C. Federal, state and local governments combined.
D. Households.
Answer: D
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Using a Paasche index to calculate the Consumer Price Index (CPI)
A) weights quantities with current prices. B) weights prices with base-year quantities. C) weights quantities with base-year prices. D) weights prices with current year quantities.
If the dollar price of one South African rand (ZAR) increases from $0.076 in 1999 to $0.083 in 2003, we can say that the reciprocal exchange rate moved from:
a. $1 = ZAR 13.2 in 1999 to $1 = ZAR 12.0 in 2003. b. $1 = ZAR 12.0 in 1999 to $1 = ZAR 13.2 in 2003. c. $1 = ZAR 0.076 in 1999 to $1 = ZAR 0.083 in 2003. d. ZAR 1 = $0.083 in 1999 to ZAR 1 = $0.076 in 2003. e. $1 = ZAR 176 in 1999 to $1 = ZAR 183 in 2003.
Which of the following would be most likely to cause the price/earnings ratio of stocks to rise?
a. the expectation of a recession in the near future b. the expectation of inflation in the near future c. higher interest rates d. lower interest rates
Refer to the information provided in Table 6.2 below to answer the question(s) that follow. Table 6.2Number ofCandy Bars per DayTotal UtilityMarginal Utility140?275?3100?4115?5?5Number ofHot Dogs per DayTotal UtilityMarginal Utility130?254?372?484?5?6Refer to Table 6.2. Diminishing marginal utility sets in after the ________ candy bar per day.
A. first B. second C. third D. fourth