Which of the following changes would cause American net exports to decrease?
A) A decrease in the real value of the dollar
B) A decrease in American income
C) An increase in foreign income
D) A shift in demand by American consumers away from domestically produced goods
D
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The factor of production that is always fixed in the short run is
a. the amount of raw materials b. the size of the physical plant c. the number of workers d. energy costs e. quantity of output
A fractional reserve banking system:
A. prevents the Federal Reserve from influencing the money supply. B. prevents money creation through the lending process. C. only tends to exist in developing economies. D. is susceptible to bank panics.
(Consider This) From an economist's perspective, when is government too big?
A. Government is always too big. B. When government activity exceeds 10 percent of gross domestic product. C. When the marginal costs from additional government spending exceed marginal benefits. D. When the marginal benefits from additional government spending exceed marginal costs.
What is former World Bank economist William Easterly's explanation for why developing countries fail to grow even with the aid of international agencies like the World Bank?
What will be an ideal response?