Hot dogs and hot dog buns are complements. If the price of a hot dog falls, then
A) the demand for hot dogs will increase.
B) the demand for hot dog buns will increase.
C) the quantity demanded of hot dog buns will increase.
D) the quantity demanded of hotdogs will decrease.
E) the demand for hot dog buns will decrease.
B
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Suppose a country operates on its production possibility frontier when it produces 1000 books and 1000 tables. The combination of ________ reflects ________
A) 500 books and 1000 tables; an inefficient but attainable point B) 1000 books and 500 tables; an efficient point C) 1000 books and 1000 tables; a free lunch D) 500 books and 500 tables; an attainable and efficient point E) 1000 books and 1500 tables; a free lunch
In Figure 3-7 above, the multiplier for a change in autonomous taxes is
A) 5. B) 4. C) 2.50. D) 1.
Which of the following is correct?
a. Deficits always require people to consume at the expense of their children. b. If the government uses funds to pay for investment programs, on net the debt need not burden future generations. c. If the government is in debt it must be running a deficit currently. d. The current government debt is a large share of lifetime income.
How does the fact that imports vary directly with GDP affect the stability of the domestic economy?
What will be an ideal response?