All of the following are examples of changes in U.S. assets abroad except
a. Disney opens a new theme park in Brazil
b. a U.S. citizen buys stock in a British car company
c. a Japanese investor buys U.S. government bonds
d. McDonald's closes an unsuccessful restaurant in Russia
e. Exxon builds an oil refinery in Mexico
C
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Sulfur dioxide emissions allowances are available for purchase on the Chicago Mercantile Exchange, and several environmental groups have raised money to purchase these certificates, which they subsequently destroy
What would be the impact of these environmental groups purchasing and then destroying these cap-and-trade certificates on the price of these certificates in the market? A) The price rises. B) The price falls to zero. C) The price falls, but not to zero. D) The price remains unchanged because the certificates are destroyed.
If S = 200, T = 700, G = 950, and NX = -200, this makes net domestic investment
A) 150. B) -150. C) 50. D) -50. E) 650.
When the curve that envelops the series of possible short-run average total cost curves is horizontal, this means that there are:
a. economies of scale. b. diseconomies of scale. c. constant returns to scale. d. diminishing returns. e. some fixed factors of production.
Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: In 2001 interest rates dropped to 40-year lows, which decreased the cost of borrowing for consumers. (See Figure 8.6.)
A. A. B. B. C. C. D. D.