The supply curve for portable charcoal grills shifts
a. only when production technology changes.
b. when a determinant of the supply of portable charcoal grills other than the price of portable charcoal grills changes.
c. when any determinant of the supply of portable charcoal grills changes.
d. only when the number of sellers of portable charcoal grills changes.
b
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If a coalition D is decisive over a pair of social outcomes (x,y) under a social choice process that satisfies Arrow's axioms, then another coalition C (that differs from D) cannot be decisive over a different pair (a,b) of social outcomes.
Answer the following statement true (T) or false (F)
What determines the real exchange rate and the nominal exchange rate in the short run?
What will be an ideal response?
Indirect taxes are levied on
a. spending b. saving c. income d. wealth e. none of the above
The marginal propensity to consume is 0.75, marginal propensity to invest is 0.3, and the marginal propensity to import is 0.2. What is the size of the multiplier?
A) 6.67 B) 5.67 C) 4.67 D) 1.67