In the expenditure approach to GDP, the largest component is
A) government expenditure on goods and services.
B) personal consumption expenditures.
C) gross private domestic investment.
D) net exports.
B
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The more generous unemployment benefits are, the ________ the unemployment rate remains and the ________ the time frame people tend to remain unemployed
A) higher; longer B) higher; shorter C) lower; longer D) lower; shorter
During the first half of the 2000s, the price of pork rose. After that, within a couple of years the price fell back to about the level before the initial increase. What might have led to these events?
What will be an ideal response?
Suppose a consumer's MRS is given by the formula MRSPT = T/P, where P stands for the number of pieces of pizza and T stands for the number of tacos. Starting at 12 tacos and 4 pizzas, the consumer must receive:
A. 3 tacos to compensate them for the loss of one piece of pizza. B. 3 pieces of pizza to compensate them for the loss of one taco. C. 1/3 taco to compensate them for the loss of one piece of pizza. D. 1/3 piece of pizza to compensate them for the loss of one taco.
When the European interest rate falls, the foreign expected dollar return curve shifts:
a. in. b. out. c. not at all. d. Not enough information is provided to answer the question.