In 2015 the euro depreciated more than 30 percent against the dollar. As a result, European:
A. exports declined, dragging down the economy.
B. imports rose, boosting the economy.
C. exports rose, boosting the economy.
D. imports declined, dragging down the economy.
Answer: C
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In the Keynesian model, a decrease in real autonomous spending results in a more than proportional decrease in real Gross Domestic Product (GDP) because
A) consumption decreases as a result of lower real disposable income. B) consumption increases while real disposable income decreases. C) real autonomous spending decreases further as real disposable income decreases. D) government spending also decreases.
The U.S. Postal Service engages in price discrimination
a. True b. False Indicate whether the statement is true or false
The above table shows the daily production possibilities for a bakery. Currently the bakery bakes 60 pizzas and 180 loaves of bread, that is at alternative C.Using the above table, moving from alternative C to alternative B, what is the opportunity cost of one loaf of bread?
A. 0.5 pizza pie B. 2 pizza pies C. 1 pizza pie D. 30 pizza pies
When sellers are unable to distinguish "good" buyers from "bad" ones, they face the problem of:
A. Moral hazard B. Adverse selection C. Externalities D. Diminishing utility