If the Japanese yen appreciates against the U.S. dollar,
A) Japanese businesses gain by a decrease in the dollar price of exports to the United States.
B) Japanese consumers gain by a decrease in the yen price of U.S. exports to Japan.
C) Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.
D) U.S. consumers gain by an decrease in the dollar price of Japanese exports to the United States.
B
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The term barter refers to exchanges made:
a. only with the use of money. b. without the use of money. c. outside the U.S. economy. d. only in underdeveloped countries. e. within countries in a monetary union.
Automatic stabilizers in the United States are: a. changes in government transfer payments and tax revenues that vary automatically and inversely to business cycle changes. b. controlled by the Federal Reserve System to help control the business cycle
c. able to completely eliminate all the lag problems associated with fiscal policy. d. none of the above.
Which of the following is a TRUE statement?
A. The C + I + G + X curve has no relationship to the aggregate demand curve other than some of the variables that affect one curve also affect the other. B. The C + I + G + X curve is used to derive the aggregate demand curve, but the aggregate demand curve is drawn for one price level. C. The C + I + G + X curve is used to derive the aggregate demand curve, but the C + I + G + X curve is drawn for one price level while price levels vary along the aggregate demand curve. D. Both the C + I + G + X curve and the aggregate demand curve are drawn for one price level.
Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If the price of burger increases, which of the following bundles are in Max's opportunity set?
A) b, d, e B) d, e C) a, b, c, d, e D) None of the labeled points are in Max's opportunity set.