Which of the following is an example of a consumption expenditure?
A) the purchase of a ticket to a New Orleans Saints game
B) the salary paid to the mayor of Denver
C) the construction of a new public library
D) the purchase of a new fire truck
A
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A bakery can produce either cakes or cookies. If the price of cookies rises, then
A) the supply curve of cake shifts leftward. B) the supply curve of cake shifts rightward. C) there is a movement downward along the supply curve of cakes. D) there is a movement upward along the supply curve of cakes.
What are some of the components of marginal cost and marginal benefit that the producer of a movie faces?
What will be an ideal response?
An increase in European wealth, all other factors held constant should:
A. cause the demand for dollars to increase. B. have no impact at all on the demand for dollars. C. cause the supply of dollars to increase while the demand stays constant. D. cause the demand for dollars to decrease.
Over time, the U.S. current account balance has primarily reflected
A. the extent of U.S. investment in other countries. B. the U.S. balance of trade. C. transfers of money home by U.S. citizens working in other countries. D. the volume of U.S. exports.