Deciding to go to a ballgame rather than do your homework is an example of a(n)
a. production possibility
b. a bad idea
c. trade-off
d. person about to lose their college scholarship
Ans: c. trade-off
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Which of the following is not a determinant of Investment spending?
A. Real income B. Interest rates C. Taxes D. Expected profitability
The random walk theory says that
A) stock prices follow a trend for varying periods of time. B) successive stock prices increase more than they decrease. C) successive stock prices are dependent on the weighted average of the previous week's prices. D) successive stock prices are independent of each other.
With which of the following countries does the United States have its largest goods and services deficit?
A. Canada. B. Germany. C. Japan. D. China.
________ real GDP increases the demand for money and ________ the nominal interest rate decreases the quantity of money demanded
A) Increasing; increasing B) Increasing; decreasing C) Decreasing; increasing D) Decreasing; decreasing