Which of the following is an equilibrium condition of the short-run macro model?
a. Taxes equal transfers.
b. Imports equal exports.
c. Aggregate expenditure equals output.
d. Consumption spending equals autonomous consumption spending.
e. Consumption spending equals investment spending plus government spending.
C
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Refer to Figure 21-4. Which of the following is consistent with the graph depicted?
A) an increase in household income B) an increase in tax revenues collected by the government C) an increase in transfer payments to households D) an increase in the proportion of income after net taxes used for consumption
Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The yield on bond A is approximately
A. 2.9 percent. B. 0.03 percent. C. 2.5 percent. D. 0.02 percent.
Disparate treatment refers to:
a. the treatment of individuals on the basis of their race, sex, color, religion, or national origin. b. the treatment of individual workers on the basis of their opportunity costs. c. the treatment of individual workers on the basis of their marginal productivities. d. discriminatory treatment of the individuals due to lack of correct information. e. the discriminatory treatment of firms by the trade unions.
In which of the following examples should the first country should trade the named product to the second country?
a. Canada can produce lumber products at a lower opportunity cost than the United States. b. The United States can produce cotton fabric more efficiently than India can, but doing so hurts other U.S. industries. c. Italy can produce leather goods more cheaply than Germany can in the absolute sense. d. Russia can produce more oil than Norway, but it incurs higher production costs than Norway does.