About 1.7 percent of elementary and secondary students were educated at home in 1999
a. True b. False
a
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"Similar to imports, U.S. exports depend on the level of U.S. real GDP so that if real GDP increases, U.S. exports increase." Explain whether the previous sentence is correct or incorrect
What will be an ideal response?
Everything else held constant, an increase in autonomous consumer spending will cause the IS curve to shift to the ________ and aggregate demand will ________
A) right; increase B) right; decrease C) left; increase D) left; decrease
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15, $14, $13, $12, $11, $10, $9, $8, $7, $6, $5 . Eleven sellers are also willing to sell at the same prices. What is the equilibrium quantity in the market
a. 5 units b. 6 units c. 7 units d. 8 units
Which of the following most clearly illustrates the concept of derived demand?
A. An increase in the price of steak causes the demand for poultry to increase. B. An increase in the demand for new houses leads to an increase in the demand for construction workers. C. An increase in consumer income leads to an increase in the demand for services provided by the government. D. An increase in the demand for new cars causes the demand for used automobiles to rise.