The more dollars that must be given up to buy one British pound, the __________ American goods are for the British and the __________ American goods the British will buy; thus __________ dollars will be demanded
A) more expensive; fewer, more
B) less expensive; more, more
C) more expensive; fewer, fewer
D) less expensive; fewer, more
E) none of the above
B
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Which of the following is the most accurate description of the US between 1880 and 1920?
a. The United States became the leading manufacturer in the world in terms of total production and output per worker. b. The quality of manufactured goods dropped c. American families bought fewer finished products, and instead saved money by increasingly buying materials and building things at home. d. No advertising was used because TV and radio had not yet been invented.
Someone who is risk-averse is likely to:
A. invest in a start-up company instead of putting her money under her mattress. B. buy company stock instead of putting money in a savings account. C. buy a government bond instead of a stock. D. All of these statements are true.
The three ways government can alter aggregate demand are:
A. Agriculture subsidies, science & technology subsidies, and education grants. B. Provide or deny food, clothing, and shelter. C. Nationalization of private businesses, institution of price controls, and Pigouvian taxes on externalities. D. Tax the Internet, close the bars, and ban football. E. Government spending, tax policy, and transfer of income
Based on this production possibilities curve, what is the highest grade that can be earned in either class?
a. 100%
b. 95%
c. 85%
d. 75%