A country with no trade and no borrowing and lending relationships with other countries is known as a(n)
A) closed economy. B) planned economy. C) open economy. D) market economy.
A
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What will be an ideal response?
Grace has just eaten a slice of pizza and says it gave her a utility of 8. If she chooses to eat a second slice:
A. she will experience a drop in total utility. B. she is not acting rationally. C. she will experience an increase in total utility. D. None of these is true.
What played the largest role in the formation of poor black ghettos?
A. Welfare B. High birth rates among unwed mothers C. The migration of black middle- and working-class families from poor black neighborhoods in the 1960s and 1970s D. Rising employment discrimination
A depreciation of the U.S. dollar relative to the euro would tend to
A) increase U.S. imports from Germany. B) increase U.S. exports to Germany. C) decrease U.S. exports to Germany. D) increase both U.S. imports from Germany and U.S. exports to Germany.