With respect to real per capita incomes, the United States' position
a. as leader has reversed with the United Kingdom since 1980.
b. as leader has reversed with Canada since 1980.
c. as leader has reversed with Sweden since 1980.
d. has not changed much since 1980.
d. has not changed much since 1980.
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Which of the following refers to the increase in the usefulness of a product as the number of consumers who use it increases?
A) external marginal utility B) network externalities C) the impact of celebrity endorsements D) positive externalities
If aggregate demand falls short of current output, business firms will ________ production to ________ inventories
A) cut; keep from accumulating B) expand; keep from accumulating C) cut; build up D) expand; build up
Suppose that prices in the United States rise relative to prices in France. We expect that (on the foreign exchange market) the demand for U.S. dollars will __________ and the supply of dollars will __________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Which of the following is not an example of investment spending?
A. Construction of a new factory B. The purchase of stock in the stock market C. Inventory expenditures D. New equipment