Issuing stocks with little or nothing to back them up is described as "plowing back."
a. True
b. False
Indicate whether the statement is true or false
False
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If households spend $0.40 of each additional dollar of increased income, the expenditure multiplier will be
A) 1.67. B) 2.5. C) 4. D) 6.
On the supply curve:
A. quantity goes on the horizontal axis and price goes on the vertical axis. B. quantity goes on the vertical axis and price goes on the horizontal axis. C. both quantity and price go on the horizontal axis. D. it doesn't matter which axis price and quantity are placed on.
If the supply of good A is perfectly elastic, a decrease in demand will: a. reduce the equilibrium quantity traded, but leave the price unchanged. b. reduce the equilibrium quantity traded, and reduce the price
c. reduce the equilibrium price, but leave the quantity traded unchanged. d. reduce the equilibrium price traded, but increase the quantity traded.
The increase in the price of sugar created by the tariff will lead domestic consumption to fall by ________ tons per year, compared to when the economy is open without the tariff.
A. 40 B. 20 C. 30 D. 10