Which of the following is a question answered with normative economic reasoning?
A) If the college provided less financial aid for out-of-state students, would more in-state students benefit?
B) If the college offers free textbooks for students, will more students read their textbooks?
C) If the college increased its enrollment requirements, would class size decline?
D) Should the college increase tuition to fund its athletic programs?
D
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Price elasticity of supply is used to gauge
A) how responsive suppliers are to a change in demand. B) how responsive sales are to a change in input prices. C) how responsive suppliers are to price changes. D) how responsive suppliers are to changes in future prices.
Generally speaking, central banks in developing economies are:
A. more independent from political pressures than central banks in developed economies. B. less independent from political pressures than central banks in developed economies. C. about as independent from political pressures as central banks in developed countries. D. completely independent from political pressures.
The Keynesian and classical aggregate supply analyses
A. are completely different. B. have some similarities. C. are very similar.
The United States and China have significant trade with each other. Which of the following is true?
A. U.S. prices decrease ? U.S. imports decrease ? Chinese prices decrease B. U.S. prices decrease ? U.S. exports increase ? Chinese prices increase C. U.S. prices increase ? U.S. exports increase ? Chinese prices increase D. U.S. prices increase ? U.S. imports increase ? Chinese prices decrease