Which of the following groups is most likely to benefit from a strengthening of the U.S. dollar against other major currencies?
A. Foreign consumers
B. The U.S. government
C. U.S. exporters
D. U.S. consumers
Answer: D
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Refer to the scenario above. Jack will derive ________ units of utility if Jill tries to move the tree while he does not try at all
A) 5 B) -5 C) -2 D) 10
The United States produces more services than goods
Indicate whether the statement is true or false
As long as the marginal utility per dollar from pizza is greater than the marginal utility per dollar from soda, then to maximize utility a consumer will buy
A) more soda to equalize the marginal utility per dollar between soda and pizza. B) less pizza and less soda. C) more pizza and less soda. D) equal amounts of pizza and soda.
A decrease (leftward shift) of the aggregate supply curve will ______ the level of output and ______ the price level.
A. increase; increase B. decrease; decrease C. increase; decrease D. decrease; increase