In 2014, which of the following countries had the highest ratio of exports to GDP?
A) United States
B) Germany
C) Japan
D) Netherlands
D
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The difference between producer surplus and profit is always the associated
A) opportunity costs. B) total costs. C) variable costs. D) fixed costs.
A friend wants to learn how the unemployment rate is calculated and how inflation is measured. He asks you which economics course to take and you advise him to enroll in
A) macroeconomics. B) microeconomics. C) either micro- or macroeconomics. They both concentrate equally on those issues. D) financial accounting because economics doesn't address those topics in its courses.
The demand curve for federal funds is ________.
A. vertical B. upward-sloping C. downward-sloping D. horizontal
The four components of aggregate expenditures are:
A. consumption, imports, government spending, and net exports. B. consumer durables, investment, government spending, and net exports. C. consumption, investment, government spending, and net exports. D. consumption, interest payments, government spending, and net exports.