If the U.S. government changes its policy toward Cuba by allowing U.S. firms to export their goods to Cuba, the
a. Cuban aggregate expenditure curve will shift upward and the equilibrium level of national income in the U.S. will decrease
b. Cuban aggregate expenditure curve will shift downward and the equilibrium level of national income in Cuba will decrease
c. Cuban aggregate expenditure curve will shift upward and the equilibrium level of national income in Cuba will increase
d. U.S. aggregate expenditure curve will shift downward and the equilibrium level of national income in the U.S. will decrease
e. U.S. aggregate expenditure curve will shift upward and the equilibrium level of national income in the U.S. will increase
E
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As the price of dvds is raised from $3 to $5, their quantity demanded fell from 200,00 . to 180,000 . The elasticity of demand of dvds is:
a. 0.21 b. 1.28 c. 3.52 d. .65
A rational individual would rather receive $5,000 today than receive $6,000 in one year if the applicable nominal interest rate was 10%
a. True b. False Indicate whether the statement is true or false
How does social regulation differ from economic regulation?
What will be an ideal response?
The main reason the United States' standard of living is higher than that of India and China is that we have more
A. land. B. labor. C. capital. D. money.