A U.S. citizen's income from investment in foreign countries is _____ in the U.S. current account
a. recorded as a deficit
b. recorded as a surplus
c. recorded as a debit
d. recorded as a credit
e. not recorded
d
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Refer to the table above. What is the shortage in the market when the price of a notebook is $3?
A) 4 units B) 10 units C) 16 units D) 20 units
If an economy consumes 75 percent of any increase in disposable income, then an increase in autonomous investment of $1 billion could result in an increase in total spending of as much as
A) $1.0 billion.. B) $4.0 billion. C) $5.0 billion. D) $1.8 billion. E) $6.0 billion.
When economic profits exist in the market for a particular product, this is a signal to producers that
A. Consumers would like more scarce resources devoted to the production of this product. B. The best mix of goods and services is being produced with society's scarce resources. C. The market is oversupplied with this product. D. Price is at the minimum of the ATC curve.
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. If policy makers decide on a policy at point t3 but it does not affect the economy until period t6, then the policy choice is likely to be
A. automatically stabilizing. B. optimal. C. destabilizing. D. stabilizing.