A change in income will not lead to:
A. a rightward shift of the demand curve.
B. a leftward shift of the demand curve.
C. a movement along the demand curve.
D. all of the statements associated with the question are correct.
Answer: C
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Jenny buys sodas and popcorn. Sodas sell for $1 and popcorn sells for $2 a bag. Currently she is in consumer equilibrium, with the marginal utility from her last dollar spent on popcorn equal to 100 units of utility
The marginal utility from her last dollar spent on sodas is A) 20 units of utility. B) 30 units of utility. C) 50 units of utility. D) 100 units of utility.
Capital, K, includes
A) money. B) machinery. C) business loans. D) know-how.
The overall U.S. balance of payments
a. shows a deficit b. shows a surplus c. is the merchandise trade balance d. equals exports minus imports e. shows how deficits in one account are exactly offset by surpluses in other accounts
If gross investment is $2,593 billion and net investment is $873 billion, depreciation is:
A. $2,593 billion. B. $873 billion. C. $3,466 billion. D. $1,720 billion.