Which of the following would cause a movement up (or leftward) along the demand curve for European autos in the United States?
a. an increase in the price of American autos
b. a decrease in the price of American autos
c. an increase in income in the United States
d. an increase in the price of European cars
d
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Which organization functions as a lender of last resort for national governments?
A) the International Monetary Fund B) the World Bank C) the Federal Reserve Bank D) the U.S. Treasury
Suppose you choose an investment that has historically generated an averagenominal return of 5 percent per year. Explain how inflation and risk may affect your future real rate of return on this investment
What will be an ideal response?
Tax policies involving increases in taxes paid by the private sector
(a) are generally tolerated when incomes are rising faster than taxes. (b) are always opposed by the private sector. (c) are death to politicians concerned about re-election. (d) are progressive when the lowest income bracket pays the highest percentage of total income.
A radio station is best described as
A) an end user in a transaction-based market. B) a platform in an audience-making market. C) an end user in a matchmaking market. D) a platform in a shared-input market.