If the price of iPods decreases,
A) there will be a movement up along the supply curve for iPods.
B) there will be a rightward shift in the iPod supply curve.
C) the supply curve for iPods shifts leftward.
D) there has been a decrease in the price of iTunes songs.
E) there will be a movement down along the supply curve for iPods.
E
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What best describes the role of the United States in World War I?
a. The U.S. entered World War I as soon as it started. b. The U.S. was a neutral moderator throughout the war. c. The U.S. entered the war on the side of Russia and opposed Austria Hungary. d. U.S. business suffered severe financial losses during the war.
If the United States could produce 1 ton of potatoes or 1 ton of wheat per worker per year, while Ireland could produce 3 tons of potatoes or 2 tons of wheat per worker per year, there can be mutual gains from trade if: a. the United States specializes in potatoes because of its comparative advantage in producing potatoes. b. the United States specializes in wheat because of its absolute
advantage in producing wheat. c. the United States specializes in wheat because of its comparative advantage in producing wheat. d. there can be no mutual gains from trade.
The term crowding out refers to decreases in the interest rate caused by government budget surpluses
a. True b. False Indicate whether the statement is true or false
The Federal Reserve System performs many functions but its most important one is:
Controlling the money supply Acting as fiscal agent for the U.S. government Issuing currency Providing for check clearing and collection