College graduates looking for jobs were less fortunate in 2007 than graduates in 2009
a. True
b. False
Indicate whether the statement is true or false
False
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As a result of the 2008-2009 financial crisis and the decrease in GDP in many European economies, we would expect
A) an increase in the demand for U.S. exports and a leftward shift in the demand curve for dollars. B) a decrease in the demand for U.S. exports and a leftward shift in the demand curve for dollars. C) a decrease in the demand for U.S. exports and a rightward shift in the demand curve for dollars. D) a decrease in the demand for U.S. imports and a movement up along the demand curve for dollars.
A natural monopolist that sets prices equal to marginal cost will:
A. incur losses. B. earn zero accounting profits. C. be inefficient. D. set a price greater than average total costs.
If substantially more foreign money is invested in Ireland than Irish citizens have invested abroad, then one will likely expect Irish:
A. net foreign factor income to be positive. B. net foreign factor income to be zero. C. GNP to exceed Irish GDP. D. GDP to exceed Irish GNP.
Olives are used to produce olive oil. If the price of olives increases:
A. the demand for olive oil increases. B. the demand for olive oil decreases. C. the supply of olive oil increases. D. the supply of olive oil decreases.