A decline in the value of net exports in the U.S. is most likely to result from an increase in ________
A) foreign income
B) U.S. exports
C) foreign real interest rates
D) the value of the U.S. dollar
D
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From 1997 to 2003, stock prices based on the Standard and Poor's index and the share of investment spending as a component of GDP tended to
A) move in the same direction. B) be unrelated to each other. C) move in opposite directions. D) both remain relatively unchanged.
Refer to the scenario above. If the number of participants in the auction increases to 20, Rebecca should place a bid of ________
A) $45,000 B) $42,750 C) $4,500 D) $40,500
An appropriate fiscal policy response when aggregate demand is growing at a slower rate than aggregate supply is to cut taxes
Indicate whether the statement is true or false
A restaurant owner hires a waiter to serve food to customers and clear the tables. The owner wants the waiter to be prompt in bringing out the food and clearing the table once the guests are finished with their meal. The waiter is paid a salary and cannot accept tips. The waiter would prefer to check their Facebook account and take their time waiting the tables. If the waiter does spend
considerable time checking their Facebook while the owner is not at the restaurant, the owner can motivate the waiter to be prompt waiting tables (and stop checking Facebook) in each of the following ways except which one? A) Lower the waiter's salary, but allow the waiter to earn a percentage of the restaurant's profit. B) Lower the waiter's salary, but pay the waiter a bonus based on the number of tables served in an evening. C) Lower the waiter's salary, but allow the waiter to collect tips from customers. D) Offer the waiter a higher salary.