People who hold bonds may tend to consume more out of their income than they should because they think they are wealthier than they really are
Indicate whether the statement is true or false
T
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Which of the following would be included in total final product (GDP)?
A) Social Security B) unemployment benefits. C) U.S. semiconductors that are bought by a firm in Hong Kong D) product produced in Canada that is bought by a firm in the U.S.
The United States and Brazil are competitors in the world soybean market. In the late 1960s and early 1970s, the Brazilian government developed regulations designed to encourage Brazilian soybean production and exports
An unanticipated effect of the Brazilian regulations was to stimulate U.S. soybean production and exports. The type of economic analysis that would explain and predict these effects is called A) closed economy macroeconomics. B) international economics. C) partial equilibrium analysis. D) full market analysis. E) general equilibrium analysis.
A change in price that has relatively little effect on quantity demanded is called elastic demand
Indicate whether the statement is true or false
Outsourcing is the
A. Loss of output because of an increase in unemployment. B. Unemployment that is inevitable when jobs leave a country. C. Relocation of production from domestic companies to foreign countries. D. Movement of workers to foreign countries where there are more jobs.