If the slope of a straight line is 6 and if Y (the variable on the vertical axis) decreases by 60, then X (the variable on the horizontal axis)
A. decreases by 600.
B. decreases by 10.
C. increases by 10.
D. increases by 600.
Answer: B
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The invocation of beggar-thy-neighbor arguments with respect to industrial policies
A) strengthens the argument for subsidies. B) makes sense if the international Keynesian multipliers exceed unity. C) applies only to rich countries most of whose trade partners are very poor countries. D) weakens the argument for subsidies. E) does not apply to rich countries who can influence relative world prices.
Which of the following insures deposits at banks?
A. The RTC. B. The FDIC. C. The FSLIC. D. The Federal Reserve.
Would you expect a tax on cigarettes to be more effective at discouraging consumption over the long run or the short run?
A. Short run because demand becomes more elastic over time B. Long run because demand becomes less elastic over time C. Short run because demand becomes less elastic over time D. Long run because demand becomes more elastic over time
As more economic development occurs
A. technological progress slows. B. capital accumulation decreases. C. the population growth rate increases. D. the population growth rate decreases.