If the dollar appreciates relative to foreign currencies, we would expect:
A. the multiplier to decrease.
B. a country's exports and imports to both fall.
C. a country's net exports to rise.
D. a country's net exports to fall.
D. a country's net exports to fall.
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Utilitarianism argues that
A) Only equality brings efficiency. B) There is a tradeoff between equality and efficiency. C) The result is fair if the rules are fair. D) The competitive market is fair.
What causes a production possibilities frontier to shift outward?
What will be an ideal response?
Which of the following factors has negatively impacted the viability of the pay-as-you-go Social Security system?
a. Each generation is living longer and thus collecting more benefits. b. The "baby boom" after WWII greatly increases the number of retirees in the first few decades of this century. c. Individuals are having fewer children today. d. all of the above e. a and b
Two goods must have infinite cross elasticities to be considered as belonging to the same market
Indicate whether the statement is true or false