Aggregate demand does not include:
a. Purchases of intermediate goods and final goods
b. Purchases of used goods and services.
c. Purchases of stocks and bonds.
d. Aggregate demand does not include any of the above.
d
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Use a model of the dollar-euro foreign exchange market to illustrate how the value of the dollar is determined in terms of the euro. Identify two factors that would increase the value of the dollar in terms of the euro.
What will be an ideal response?
Given percentage change in supply and the price elasticity of supply, percentage change in equilibrium price is zero if demand curve is perfectly inelastic
Answer the following statement true (T) or false (F)
Because of the Great Recession of 2008, the trade deficit in 2009 relative to the trade deficit in 2006 was?
A. twice. B. three times. C. one fourth. D. one half.
An export industry is said to exhibit increasing returns to scale when
(a) a large-scale organization has significant competitive advantages over small-scale activities. (b) labor utilization increases by 50 percent but export output production increases by only 20 percent. (c) its small-scale business activity has significant comparative advantages over large-scale productions. (d) use of capital increases by 10 percent leads to an increase in export production by 10 percent.