An American retailer purchased 100 pairs of shoes from a company in Mexico in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016 . In which quarter(s) does(do) the value of the shoes add to U.S. GDP?
a. the second and third quarters
b. the second quarter but not the third quarter
c. the third but not the second quarter
d. neither the second nor the third quarter
d
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A multinational organization that aims to promote world economic growth through more financial stability is the
A) World Bank. B) International Monetary Fund. C) Federal Reserve System. D) International World Fund.
The cross-price elasticity of demand between rifles and bullets is likely to be
a. negative because the goods are complements b. positive because the goods are complements c. negative because the goods are substitutes d. positive because the goods are substitutes e. 0 because the goods are not substitutes
The economic field of industrial organization examines how firms' decisions about prices and quantities depend on the market conditions they face
a. True b. False Indicate whether the statement is true or false
Hailey worked for Autonation and was laid off when car sales fell during a recession with falling incomes. This is an example of
A. cyclical unemployment. B. seasonal unemployment. C. frictional unemployment. D. structural unemployment.