________ will lead to an increase in the gross domestic product of a country, all other variables remaining constant
A) An increase in exports
B) An increase in imports
C) A fall in the expenditure incurred by the government
D) A fall in the expenditure on investment goods
A
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A black market may occur when
A) the government imposes a price floor below the market clearing price. B) the government imposes a price ceiling below the market clearing price. C) the government imposes a price ceiling above the market clearing price. D) the government does not impose either a price ceiling or a price floor.
What are the determinants of elasticity of supply?
Which of the following decreases the demand for money?
A) an increase in the price level B) an increase in the quantity of money C) a decrease in real GDP D) a decrease in the cost of printing money
The potential for profit-increasing false advertising is greatest for which of the following goods?
A) a washing machine B) spot carpet cleaner C) hair shampoo D) toothpaste