In the loanable funds market, an increase in wealth shifts the ________ loanable funds curve ________
A) supply of; rightward
B) supply of; leftward
C) demand for; rightward
D) demand for; leftward
B
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Which of the following statements is positive?
A. Large budget surpluses should be avoided. B. A tax cut that benefits high-income households is acceptable. C. Higher taxes are needed to support education. D. Tax increases tend to discourage saving.
Which of the following is a major impact of offshoring?
a. Elimination of domestic jobs b. Elimination of jobs in foreign countries c. Creation of jobs in the domestic country d. An increase in the cost of production of domestic firms e. A reduction in the cost of production of foreign firms
Answer the following questions true (T) or false (F)
1. The payment received by suppliers of entrepreneurial skills is called wages. 2. In the circular flow model, households demand resources such as labor services in the factor market. 3. In economics, the term "free market" refers to a market where products are traded but not sold.
If American demand for purchases of Mexican goods has increased, how would you expect the equilibrium exchange rate in the market for dollars to respond? Support your answer graphically
What will be an ideal response?