Figure 10-2
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In Figure 10-2, which segment of the aggregate supply curve has the smallest multiplier effect?
A. AB
B. BC
C. CD
D. DG
Answer: D
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Refer to the figure above. If A forms a customs union with B, it will import
A) 400 units from B. B) 200 units from C. C) 200 units from each. D) 400 units from B and 200 units from C.
A short contract requires that the investor
A) sell securities in the future. B) buy securities in the future. C) hedge in the future. D) close out his position in the future.
Which of the following is false?
A) It is impossible for a person to be uninformed on who is running for president, what the candidates stand for, and on everything else connected with presidential politics and still be rational. B) Failure to vote in an election is not necessarily a sign of apathy. C) Informed voters necessarily have a larger impact on elections than uninformed voters. D) a and c
A price decrease will cause total revenue to fall if
A. Demand is inelastic. B. Demand is unitary elastic. C. The price elasticity of demand is less than zero. D. Demand is elastic.