Even though government spending and net exports in Country A has increased, its GDP has decreased. Which of the following statements is most likely to be true of the given scenario?
a. Consumption expenditure in Country A has significantly increased.
b. Consumption expenditure in Country A has significantly decreased.
c. Investment expenditure in Country A has significantly increased
d. The number of new firms in every industry has increased in Country A.
b
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Since 2000, where have most immigrants to the U.S. come from?
a. Latin America b. The Middle East c. Europe d. Asia
If an economy is comprised of two goods and the price of one good rises by 5 percent and the price of the second good rises 3 percent, a possible rate of inflation for the economy is 5 percent.
Answer the following statement true (T) or false (F)
Which of the following statements best completes this sentence: "On a bank's balance sheet..."?
A. liabilities show the sources of funds and assets show the uses of funds. B. liabilities show the uses of funds and assets show the sources of funds. C. net worth shows the sources of funds and liabilities show the uses of funds. D. assets show the sources of funds and the net worth shows the uses of funds.
Suppose a monopsonist currently employs 100 workers at a wage of $400 per week. If the firm wants to expand employment to 110 workers, and the 110th worker will only work for $450 per week, what is the approximate marginal factor cost of the 110th worker?
a. $450 per week. b. $5,500 per week. c. $950 per week. d. $9,500 per week. e. $49,500 per week.