Which of the following factors has the most quantitative importance on the oversimplified multiplier formula?
a. it ignores variable imports
b. it ignores price-level changes
c. it ignores income taxes
d. All of these equally affect the oversimplified multiplier formula
c
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Among those who became permanent legal residents of the U.S. in 2011, about how many were family sponsored?
A. 65% B. 40% C. 33% D. 25%
It is argued that special interest groups are likely to take over and promote protectionist policies, which may lead to a decrease in national economic welfare. This argument leads to
A) a presumption that in practice a free trade policy is likely to be better than alternatives. B) a presumption that trade policy should be shifted to Non-Governmental Organizations, so as to limit taxpayer burden. C) a presumption that free trade is generally a second-best policy, to be avoided if feasible alternatives are available. D) a presumption that free trade is the likely equilibrium solution if the government allows special interest groups to dictate its trade policy. E) a presumption that protectionist policies will better serve a country as a whole than free trade policies.
Automatic teller machines and debit cards are examples of
A) electronic funds transfer systems. B) commodity monies. C) legal tender in the United States. D) modern barter systems.
How would the labor demand curve in a large appliance manufacturing company be affected by the decision of a large home improvement chain to stop selling or servicing the brand?
a. shift to the left b. shift to the right c. shift upward d. shift downward