Amanda lives in France. She received $5,000 as a wedding gift from a relative living in the U.S. This is an example of a(n) ________
A) factor payment to France B) transfer payment to France
C) import by the U.S. D) export by the U.S.
B
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Figure 5-3
Suppose that the market price rises from $3 to $5. What is the change in market demand?
A. 80 B. 30 C. 50 D. 110
In the above figure, if the real interest rate is 8, there is
A) underproduction in this economy. B) a surplus of loanable funds. C) a shortage of loanable funds. D) a shortage in available funds for investment.
If unemployment is the most significant problem in the economy, which of the following actions would be an appropriate fiscal policy response?
a. decrease taxes b. decrease government purchases c. decrease the federal deficit d. all of the above
Which of the following examples accurately reflects monopolistic competition?
a. Stable, Inc. has a steady number of customers and doesn’t seek any more. b. TopDrawer, Inc. tries to limit its customers to a select few. c. JStar, Inc tries to sell as many cell phones to customers as possible. d. Whole Farms doesn’t really care how many buyers purchase its produce.