Use the following table to answer the question below.Price per UnitQuantity Demanded per YearQuantity Supplied per Year$52,0000101,800300151,600600201,400900251,2001,200301,0001,500A surplus of 500 units will occur when the price is
A. $30 per unit.
B. $15 per unit.
C. $20 per unit.
D. $10 per unit.
Answer: A
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If Ford sells 200 Explorers for a total of $400,000 to Germany, while the United States imports 100 BMWs for a total of $500,000 from Germany
A) U.S. GDP increases because it sells more Explorers. B) U.S. GDP decreases because net exports are negative. C) Germany's GDP decreases. D) U.S. net exports is positive.
If inflation in the United States rises relative to the inflation rate in Mexico, the dollar will __________ in terms of the peso and the peso will __________ in terms of the dollar
A) remain unaffected; appreciate B) remain unaffected; depreciate C) depreciate; remain unaffected D) depreciate; appreciate E) remain unaffected; remain unaffected
Government intervention in agricultural markets in the U.S. began
A) during World War II to ensure that enough food was available for domestic consumption. B) after World War I in order to assist farmers to adjust from a war-time economy to a peace-time economy. C) during the Great Depression. D) during the Korean War.
Assume that the Paris First National Bank's loan position contracted from $16 million to $12 million. If the required reserve ratio was increased from 20 percent to 40 percent, how much would the money supply shrink?
a. $5 million. b. $10 million. c. $15 million. d. $20 million. e. $24 million.