If a nation imports more than it exports, then its net exports are:
a. positive.
b. negative.
c. zero.
d. unstable.
b
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In the life-cycle hypothesis, a person who expects to work for R years earning Y dollars per year, and live for a total of L years, will consume ________ per year
A) RY - (L - R)Y B) LRY C) (L - R)Y D) (R/L)Y
A patent is a property right, which gives the owner
A) the right to sell and/or license the invention. B) the ability to make the knowledge of how to make the invention rival. C) a guaranteed profit. D) All of the above.
A pottery craftsman is debating attending the crafters fair. It costs $50 to set up the booth and $20 in transportation to get his pottery to the fair. He nets $5 for each of his pieces, number of pots he must sell to make going to the fair worth the cost?
a. 10 b. 12 c. 14 d. 16
Refer to the information provided in Figure 27.1 below to answer the question(s) that follow.
Figure 27.1Refer to Figure 27.1. An aggregate demand shift from AD2 to AD1 can be caused by
A. a decrease in taxes. B. a decrease in money supply. C. a decrease in the price level. D. an increase in the price level.