Based on the transactions in the above table, what is the change in the U.S. capital account?
A) $9,800
B) $10,000
C) -$20,000
D) -$20,200
C
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Unions have found it particularly difficult to organize workers in service-based industries. Why?
Which of the following statements best describes Keynes’ viewpoint of individual markets?
a. He argued that individual markets for goods and services were appropriate and useful, regardless of the level of aggregate demand. b. He argued that individual markets for goods and services were appropriate and useful, but that sometimes that level of aggregate demand was just too low. c. He argued that individual markets for goods and services were appropriate and useful, but that sometimes that level of aggregate demand was just too high. d. He argued that individual markets for goods and services were appropriate and useful, but only when the level of aggregate demand was low.
Bob owns 5 acres of land. Bob sells the land to a real estate developer who builds a subdivision with 10 houses. The land is an example of a good that is
a. both rival in consumption and excludable. b. neither rival in consumption nor excludable. c. excludable, but not rival in consumption. d. rival in consumption, but not excludable.
Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of shrimp is $5 a pound. If Casey's income rises to $210, he could buy a maximum of ________ pounds of fish or a maximum of ________ pounds of shrimp.
A. 42; 70 B. 70; 42 C. 24; 30 D. 30; 24