A decrease in autonomous consumption would have the same effect on the expenditures schedule as a(n)
A. decrease in investment.
B. increase in government purchases.
C. increase in net exports.
D. decrease in taxes.
Answer: A
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What is the right statement on Hecksher-Ohlin Theorem?
a. Hecksher-Ohlin theory can be extended multi-countries, multi-sectors, multi-factors. b. Hecksher-Ohlin theory can only be extended into multi-factors case. c. Hecksher-Ohlin theory can only be extended into multi-goods case. d. Hecksher-Ohlin theory can not be extended beyond two-country, two-sector, two-factor model e. Hecksher-Ohlin theory can only be extended into multi-countries case.
Referring to Table 12.2, if the nominal interest rate is 9.5 percent and there is no inflation, which investments will be undertaken?
A) E and D B) E C) C, D, E D) none of the above
When the controls of an organization are centralized, the communication between departments will be
a. vertical b. horizontal c. directional d. hub and spoke
Ina duopoly, if advertising only takes customers from rivals rather than attracting new customers, the two firms would prefer
A) the Nash equilibrium level of advertising B) to advertise more than the current level C) to not change the level of advertising D) an advertising ban