Positive spending shocks lead to ________ output ________
A) higher; in both the short and long runs
B) higher; in the short run but not in the long run
C) lower; in both the short and long runs
D) lower; in the short run but not in the long run
B
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The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The slope between points B and C equals
A) 16. B) 8. C) 4. D) 2. E) 14.
Describe some of the key controversies regarding global cotton trade between high cost and low cost cotton producers
What will be an ideal response?
Which one of the following statements is true?
a. Resources flow from the government to firms. b. Taxes flow from foreign economies to the government. c. Goods and services flow from households to foreign economies. d. Resources flow from households to firms. e. Resource payments flow from households to the government.
The graph below shows the Chamberlin model. At the profit maximizing price and output the firm is making 
A. negative economic profit. B. it is impossible to tell from the information given. C. zero economic profit. D. positive economic profit.