Tennis balls and tennis rackets are complements. If a 3 percent change in the price of a tennis racket leads to a 9 change in the quantity of tennis balls demanded, the cross elasticity of demand equals

Foreign direct investment includes portfolio investment

a. True b. False Indicate whether the statement is true or false

Assuming all of the following people have the same education and experience, which one is likely to earn the highest wage, based on typical patterns in the United States?

a. Francine, who is single and has no children b. Jeanne, who is married and has two children c. Frank, who is single and has no children d. John, who is married and has two children

"It matters how the government spends any extra dollars." The economist who said this most likely believes that

A) a dollar spent on one government project could raise Real GDP more than a dollar spent on some alternative government project. B) the AS curve is upward-sloping. C) the tax multiplier is larger than the government spending multiplier. D) government should increase in both size and scope. E) none of the above

Measured unemployment may be lower than actual unemployment because:

A. measured unemployment does not include the frictionally unemployed. B. some individuals may want a job but have become discouraged and stopped looking for one. C. some individuals claim to be unemployed when they are not looking very seriously for a job. D. measured unemployment does not include teenage unemployment.