If consumption of a good is subsidized by the government, then the MU/P of that good among consumers will:
A. Decrease
B. Become negative
C. Increase
D. Not be affected
C. Increase
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There is only a small difference in wages between college graduates and workers who did not attend college
a. True b. False Indicate whether the statement is true or false
During recessions, changes in investment spending are the biggest contributor to changes in
a) retail sales. b) consumer spending. c) real GDP. d) personal income.
Suppose a family from Peru eats in a restaurant in Salt Lake City, Utah. How will this transaction be recorded in U.S. international transactions?
A. It is recorded in the current account as a positive (plus) item. B. It is recorded in the current account as a negative (minus) item. C. It is recorded in the capital account as a positive item. D. It is recorded in the current account as a negative item.
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.