Using indifference curve analysis, you can identify the point at which a consumer maximizes utility where the slope of the:
A. indifference curve is equal to the slope of the budget constraint.
B. indifference curve is greater than the slope of the budget constraint.
C. indifference curve is -1.
D. budget line is -1.
Answer: A
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If the price level is constant in the short run,
A) the short-run aggregate demand curve is horizontal. B) the short-run aggregate demand curve is vertical. C) the short-run aggregate supply curve is horizontal. D) the short-run aggregate supply curve is vertical.
An example of a U.S. export would be:
A. a French bottle of wine consumed by an American. B. an Apple computer purchased by a U.S. college student who plans to study abroad in France. C. a bushel of apples that Canadians pick and enjoy on a lovely fall day in Vermont. D. an Apple computer, made in the U.S., purchased by a French student.
A budget deficit is often accompanied by a(n) __________ deficit.
a. trade b. education c. corporate d. international
The largest metropolitan area in the United States that has no major league baseball, basketball, football, or hockey franchise is
A. Birmingham, Alabama. B. Ft. Myers, Florida. C. Las Vegas, Nevada. D. Austin, Texas.