Autonomous consumption is defined as
A) the level of real consumption spending that is independent of real disposable income.
B) the real consumption spending by the autonomous government.
C) the level of real consumption spending that is equal to real disposable income.
D) the consumption of foreign-made goods independent of exchange rates.
A
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Empirical studies suggest that as real GDP per person increases the level of pollution:
A. decreases. B. remains constant. C. first increases then decreases. D. increases.
Countries that use the euro as their currency face similar concerns as countries did during the years of the gold standard in that each are (were)
A) using a floating currency. B) unable to conduct fiscal policy. C) unable to conduct monetary policy. D) using currency which is backed by gold.
If good x is available free of charge, then
a. good x must be provided by nature. b. good x must be provided by the government. c. the private market cannot ensure an efficient allocation of resources in the market for good x. d. government policy is incapable of increasing total surplus in the market for good x.
Which of the following is NOT a challenge to doing business in China?
A) Issues related to the business climate, such as taxes B) The availability of credit C) Failure to protect intellectual property D) Poor infrastructure and port facilities to support export of products