When national income in other nations decreases, aggregate:
A. demand increases.
B. supply decreases.
C. demand decreases.
D. supply increases.
Answer: C
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Roughly what was the change in Columbia's per capita GDP between 1960 and 2011?
A) 25% B) 90% C) 150% D) 185%
The saving rate equals saving divided by:
A. income. B. wealth. C. liabilities. D. assets.
In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of $600 per month. Then the government imposes a rent ceiling of $500 per month
If the law is strictly enforced, the maximum for which an apartment will rent on the black market is A) less than $600 per month. B) $600 per month. C) $700 per month. D) more than $700 per month.
As of 2008, the members of the WTO account for 97 percent of the world's international trade
Indicate whether the statement is true or false