Changes in business inventories are part of private investment spending
a. True
b. False
A
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Describe the changes in the variables that will cause the demand for a product to increase, shifting the demand curve to the right
What will be an ideal response?
Refer to Figure 2-8. Suppose Vidalia is currently producing 20 dozen orchids per period. How many roses is it also producing, assuming that resources are fully utilized?
A) 30 dozen roses B) 50 dozen roses C) 100 dozen roses D) 150 dozen roses
If the domestic producers of a good are hurt by a free trade, it suggests that the country:
A. is a net exporter of that good. B. has a comparative advantage in that good. C. is not able to produce that good. D. is a net importer of that good.
All of the following are true about the basic money supply except:
A. It includes credit card balances. B. It includes currency held by the public. C. It includes money kept in transactions accounts. D. It is known as M1.