The income of U.S. citizens working abroad counts in U.S. GDP.
Answer the following statement true (T) or false (F)
False
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A Monetarist-oriented econometric model is likely to emphasize that monetary policy affects economic activity
A) directly through changes in government spending. B) directly through changes in the money supply. C) indirectly through changes in velocity. D) indirectly through changes in money demand.
When you buy a new car, the dealer presents you with a set of keys and you drive away into the sunset. What would you do if, after agreeing to a price for the car, the dealer told you that a set of keys would cost an additional $5? What does this tell you about the price elasticity of demand for car keys? Explain
Owen and Simon both like playing with balls and cars. Suppose B represents the number of balls, and C represents the number of cars. If Owen's utility function can be given by U(B, C) = 10B + 5C, and Simon's utility function can be given by U(B, C) = 6B + 6C, which of the following trades would benefit Simon but not Owen?
A. Owen gives Simon 3 cars in exchange for 2 balls B. Owen gives Simon 2 cars in exchange for 3 balls C. Owen gives Simon 3 balls in exchange for 2 cars D. Owen gives Simon 2 balls in exchange for 3 cars
Each of the following has been a drag on our economic growth except
A. health and safety regulations. B. environmental protection requirements. C. rising health care costs. D. technological change.