The amount of U.S. exports purchased by the rest of the world is primarily determined by
a. real disposable income in the United States
b. real disposable income in other nations
c. the real interest rate in other nations
d. the real interest rate in the United States
e. the government budget deficits in other nations
B
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If the quantity supplied of science fiction novels decreases by 3% and the price elasticity of supply is 15, what has been the percentage price change?
a. -15% b. -3% c. -5% d. -0.2%
The efforts to revive the economy in 2009 through 2011 were drawn from
A. new tools of monetary policy. B. the traditional tools of monetary policy. C. discretionary fiscal policy. D. all of the options are correct.
Suppose the table below describes the relationship between price and quantity demanded for a monopolist.QuantityPrice1$102$93$84$75$66$57$48$3 If the marginal cost of producing each unit of output is $5, then this monopolist's profit-maximizing level of output is ________.
A. 4 B. 5 C. 3 D. 2
An appreciation of a nation's currency is
A. a situation in which exchange rates are allowed to fluctuate in the open market in response to changes in supply and demand. B. the decrease in the exchange value of one nation's currency in terms of another nation. C. a nation in which households, firms, and governments buy and sell national currencies. D. the increase in the exchange value of one nation's currency in terms of an other nation.