When foreign output increases
A. U.S. exports tend to decrease.
B. U.S. exports tend to increase.
C. U.S. exports tend to be unaffected.
D. Imports to the United States tend to decrease.
Answer: B
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If the MPC in an economy is 0.75, government could shift the aggregate demand curve leftward by $60 billion by
A. reducing government purchases by $60 billion. B. reducing government purchases by $12 billion. C. increasing taxes by $15 billion. D. increasing taxes by $20 billion.
The dependence on the export of one or two primary products for a majority of the revenue from exports is most severe in countries in
(a) South Asia. (b) East Asia. (c) Sub Saharan Africa. (d) Latin America.
If the Japanese yen depreciates against the U.S. dollar
A) the price of Japanese imports to the United States decreases. B) the price of United States exports to Japan decreases. C) the price of Japanese imports from the United States will decrease. D) there is no change in the price of Japanese exports to the United States.
Which of the following is NOT a possible solution to the problem of pollution?
A) converting a resource that is communally owned into a privately owned resource B) imposing a tax on polluters that is related to the amount of pollution C) regulating the amount of pollution that a firm can produce D) subsidizing the costs of production of activities that generate pollution