If firms become more pessimistic about future sales, then
A. There will be a leftward movement along the AD curve.
B. There will be a rightward movement along the AD curve.
C. The AD curve will shift to the left.
D. The AD curve will shift to the right.
Answer: C
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The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The cost of the CPI market basket in 2010 is
A) $52.00. B) $5.00. C) $64.00. D) $8.50. E) unable to be calculated because information is needed about the quantities purchased in 2010.
An export subsidy will cause the terms of trade of the ________ country to ________ and will ________ the country
A) exporting; suffer; harm B) exporting; improve; benefit C) importing; suffer; harm D) importing; suffer; benefit E) importing; improve; harm
What are Eurobanks and how are they different from domestic banks?
What will be an ideal response?
The marginal product of labor is always ________ and it ________ as the labor stock increases
A) positive; increases B) positive; decreases C) negative; increases D) negative; decreases