Exports ________ GDP and imports ________ GDP.
A. increase; decrease
B. decrease; increase
C. increase; increase
D. decrease; decrease
Answer: A
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The above figure shows the production possibility frontier for an economy. The point or points that are not attainable are
A) points B and C. B) points A, B, and C. C) point E. D) points A, B, C, and D. E) points A and D.
Jack and Diane each buy pizza and paperback novels. Pizza costs $3 per slice, and paperback novels cost $5 each. Jack has a budget of $30, and Diane has a budget of $15 to spend on pizza and paperback novels. Which consumer(s) can afford to purchase 5 slices of pizza and 5 paperback novels?
a. Jack only b. Diane only c. both Jack and Diane d. neither Jack nor Diane
What does price do?
What will be an ideal response?
At a given interest rate, the investment function shows
A. how much businesses will spend on the capital stock. B. how many funds people will invest in the stock market. C. how profitable it will be for firms to expand. D. how many funds people will earn on their stock market investments.