The only lasting solution to the welfare problem will have to come from welfare reform alone
Indicate whether the statement is true or false
F
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Which of the following shifts the demand curve for movies leftward?
A) a decrease in the price of NetFlix, a substitute for movies B) a decrease in the price of movie tickets C) an increase in movie star salaries D) an increase in incomes, assuming movies are a normal good E) an increase in the price of movie tickets
Which of the following statements is false?
A) Between 1980 and 2006, the index of openness has risen for most countries. B) Since 1950, international trade has been growing faster than the growth of world output. C) A country cannot be a leading world exporter without a high index of openness. D) Two of the above are true.
Calculating the value of an economy is more complex than just adding up the value of every single thing that is produced because that would lead to:
A. overcounting, as there is a mark-up in everything that is sold. B. undercounting, as only observable markets can be recorded. C. overcounting, as the value of intermediate products would be counted twice. D. undercounting, as most goods are not sold in retail markets.
Following three years of negative growth, restaurant sales in the United States were expected to increase 3.6 percent in 2011. If the increase in restaurant sales increases aggregate expenditure,
What will be an ideal response?