If exports rise and imports fall, then
a. GDP will increase
b. GDP will decrease
c. GDP may remain unchanged
d. net exports will fall
e. transfers will rise
A
You might also like to view...
If an individual's utility function is quasi-concave, his or her MRS will:
a. diminish as x is substituted for y. b. increase as x is substituted for y. c. be undefined except in special cases. d. always depend only on the ratio of x to y.
An increase in the expected future price of inputs will cause:
A. the short-run aggregate supply curve to shift to the left. B. the aggregate demand curve to shift to the right. C. a movement rightward along the short-run aggregate supply curve. D. the long-run aggregate supply curve to shift to the left.
Positive economics deals with
a. theories about improving people's self-esteem b. practical ways of improving people's self-esteem by making money c. opinions that affirm economists' theories d. statements about the way things ought to be e. statements of fact
The exit of existing firms from a competitive market will
a. increase market supply and increase market price. b. increase market supply and decrease market price. c. decrease market supply and increase market price. d. decrease market supply and decrease market price.