The value of the slope of a society's production possibility frontier is called its
A. inflation rate.
B. marginal rate of substitution.
C. unemployment rate.
D. marginal rate of transformation.
Answer: D
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Which of the following is most likely to cause a rightward shift in the demand curve for dollars in exchange of the Chinese yuan?
A) An increase in the demand for Chinese products in the U.S. B) An increase in the demand for U.S. products in China C) A decrease in the demand for Chinese products in the U.S. D) A decrease in the demand for U.S. products in China
true/false- the smaller the MPC, the larger the multiplier
a. true b. false
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.
Governments sometimes subsidize domestic industries. When this occurs
A) the governments also impose tariffs on imports to protect the industries even more. B) the subsidized industries have an advantage in international markets relative to non-subsidized industries. C) firms cannot be guilty of dumping because their prices are not below their costs. D) the subsidized industries sell less in international markets because it is more profitable to sell domestically.