A motorboat is an example of a ______ good.
a. fixed
b. nonfixed
c. durable
d. nondurable
c. durable
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If unplanned inventory changes are positive, what is the relationship between aggregate planned expenditure and real GDP?
What will be an ideal response?
Researchers have found that countries that were settled by Europeans who planned on staying permanently were
a. more likely to protect private ownership rights and limit the power of the government. b. less likely to protect private ownership rights and limit the power of the government. c. more likely to protect private ownership, but less likely to limit the power of the government. d. less likely to protect private ownership, but more likely to limit the power of the government.
An increase in the price of IBM personal computers is likely to
A. decrease the demand for IBM computers. B. increase the demand for Apple computers (Macs). C. increase the demand for IBM computers. D. decrease the demand for Apple computers (Macs).
Refer to the information provided in Figure 4.4 below to answer the question(s) that follow.
Figure 4.4Refer to Figure 4.4. Assume that initially there is free trade. To reduce U.S. imports without a tariff, the U.S. could
A. allow drilling for oil in the Alaska National Wildlife Refuge. B. increase pollution control regulations. C. increase safety regulations for oil refineries. D. all of the above