Monica grows coconuts and catches fish. Last year she harvested 1500 coconuts and 600 fish. She values one fish as having a worth of three coconuts
She gave Rachel 300 coconuts and 100 fish for helping her to harvest coconuts and catch fish, all of which were consumed by Rachel. In terms of fish, Monica's income would equal A) 700 fish.
B) 900 fish.
C) 1100 fish.
D) 2700 fish.
B
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Mr. Clooney inherited a sum of $30,000 in 1990. If the price index for 1990 was 100 and the price index for 2014 is 188, the value of the money he inherited in 2014 dollars is ________
A) $45,200 B) $56,400 C) $38,800 D) $48,000
An increase in government purchases of $200 billion will shift the aggregate demand curve to the right by
A) less than $200 billion. B) more than $200 billion. C) $200 billion. D) None of the above are correct. This policy shifts the long-run aggregate supply curve.
Why do governments generally prefer to impose tariffs over quotas?
What will be an ideal response?
In the above figure, the equilibrium level of planned saving plus net taxes is
A. $1.0 trillion. B. $2.0 trillion. C. $3.0 trillion. D. $4.0 trillion.