In Figure 10.1, which of the following could cause a shift from AD0 to AD1, ceteris paribus?
A. An increase in consumer confidence.
B. An increase in consumption.
C. A decrease in investment.
D. An increase in exports.
Answer: C
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What are the key characteristics of the agrarian system in Asia that distinguish it from that of Latin America? Explain your answer
What will be an ideal response?
Which of the following causes a leftward shift in the short-run aggregate supply curve? a. An increase of goods prices while nominal incomes are unchanged
b. An increase in nominal incomes (wages and salaries). c. An increase of full-employment real GDP. d. An increase of personal consumption expenditures while the price level is unchanged. e. An increase of personal consumption expenditures while full-employment real GDP is unchanged.
Suppose that for each automobile Japan produces it must forego producing 40 computers. The United States must forego producing 80 computers for each automobile it produces. Which of the following is true?
a. Japan has a comparative advantage in producing computers. b. the U.S. has a comparative advantage in producing computers. c. the U.S. has a comparative advantage in producing automobiles. d. the U.S. has an absolute advantage in producing automobiles. e. the opportunity cost of producing computers is the same for Japan and the U.S.
Which of the following government agencies enforces social regulation?
A) Environmental Protection Agency B) Federal Deposit Insurance Corporation C) Federal Reserve D) Federal Aviation Administration