During World War II (1941–45) which of the following fell?
(a) Real GDP per capita
(b) Private consumption expenditures
(c) Private investment
(d) Government expenditures
(c)
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Along a supply curve,
A. supply changes as price changes. B. quantity supplied changes as price changes. C. supply changes as technology changes. D. quantity supplied changes as technology changes.
A lower price level causes the C + I + G + X curve to shift as a result of a change in all the following EXCEPT
A) an increase in real wealth. B) an increase in foreign spending on domestic goods. C) an increase in aggregate supply. D) a decrease in interest rates.
In determining comparative advantage, cost is measured in terms of
a. foreign currency b. domestic currency c. gold only d. units of weight and measure e. opportunities forgone
Many Asian countries since the 1980s and 1990s have:
A. supported export-led growth instead of import substitution policies. B. supported import substitution policies instead of export-led growth. C. been extremely successful in their attempts at industrial clustering. D. failed in their attempts at industrial clustering.