If we counted the value of non-cash, or in-kind, benefits given to the poor by the government, the poverty rate would be
A. higher.
B. lower.
C. not affected.
B. lower.
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In economics, the term "autonomous" means
A) disposable income. B) non-economic related. C) existing independently. D) cash payments.
When the nominal interest rate rises, the
A) quantity of money demanded decreases. B) demand for money decreases. C) demand for money increases. D) quantity of money demanded increases.
In a closed economy firms sell goods and services to:
A) households and foreigners. B) households and the government. C) just the government. D) none of the above.
A weaker peso, relative to the US dollar, causes the demand for US imports from Mexico to _____ and the demand for US exports to Mexico to_______
a. Increase; Decrease b. Decrease; Increase c. Increase; Increase d. Decrease; Decrease