When a U.S. agribusiness company sells 10,000 units of cow vaccine to a company in France, this transaction will represent a:
A. Credit on the current account of the U.S. balance of payments
B. Debit on the current account of the U.S. balance of payments
C. Credit on the financial account of the U.S. balance of payments
D. Debit on the financial account of the U.S. balance of payments
A. Credit on the current account of the U.S. balance of payments
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The demand for a product produced by a union becomes more elastic. After this change, how does an increase in the wage rate paid its members affect their employment?
A) It does not decrease employment at all. B) It decreases employment by less than it would have before. C) It decreases employment by more than it would have before. D) It increases employment.
What is/are the advantage(s) of the gold standard?
(a) The government can print money as required by cyclical fluctuations in domestic markets. (b) Floating exchange rates. (c) It requires monetary discipline. (d) All of the above.
In the short run, if the Fed undertakes contractionary monetary policy, the effect will be to shift the:
A. SAS curve up. B. AD curve out to the right. C. SAS curve down. D. AD curve in to the left.
Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. 
Figure 7.4Refer to Figure 7.4. The marginal product of the fourth worker is
A. 8. B. 12.5. C. 48. D. 92.