If the slope of a line that graphs the relationship between variable x and variable y is positive, then we know that
A) when the value of variable x increases, then the value of variable y decreases.
B) when the value of variable x decreases, then the value of variable y decreases.
C) the two variables are unrelated.
D) the two variables have an inverse relationshi
B
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Auctions can be differentiated on the basis of ________
A) the number of buyers B) the number of sellers C) the way in which people place their bids D) the degree of competition among buyers
What are some differences between a command economy and a market economy?
What will be an ideal response?
Comparative advantage indicates that:
a. specialization and exchange will cause trading partners to reduce their joint output. b. a nation can gain from trade even when it is at an absolute disadvantage in producing all goods. c. trade with low-wage countries will pull down the wages of workers in high-wage countries. d. all of these.
Exhibit 9-5 Keynesian aggregate expenditures model where the MPC is 0.75
?
To eliminate the GDP gap shown in Exhibit 9-5, the government should cut its spending by:
A. $0.5 trillion. B. $1 trillion. C. $1.5 trillion. D. $2 trillion.