Automatic stabilizers are changes in ______.
a. taxes and transfer payments
b. discretionary spending
c. interest rates and money supply
d. import levels
a. taxes and transfer payments
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iTunes offers samples of music downloads, and in doing so they
A) further inform customers. B) further reduce customer search costs. C) further expand the range of opportunities available to customers. D) do all of the above.
Which of the following is recorded in the U.S. balance of payments account?
I. foreign investment in the United States II. U.S. investment abroad III. the U.S. government deficit or surplus A) III only B) I and II C) I and III D) I, II and III
Possible sources of economies of scale (size) within a production plant include:
a. specialization in the use of capital and labor b. imperfections in the labor market c. transportation costs d. a and b e. a and c
As the price of the U.S. dollar increases in terms of foreign currency,
a. U.S. products become cheaper for foreigners b. foreign goods become cheaper for Americans c. dollars are worth less d. the U.S. demand for foreign exchange increases e. the supply of foreign exchange to U.S. markets decreases