If Europeans increase their demand for American cars, everything else constant, we should observe the following change in the U.S. dollar-euro market:
A. the supply curve of dollars shifts right.
B. the supply curve of dollars shifts left.
C. the demand curve for dollars shifts left.
D. the demand curve for dollars shifts right.
Answer: D
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The corporate form of business organization
a. is chosen by more firms than any other form of organization in the United States b. gives firm owners limited liability c. generates less than half of the output in the U.S. economy d. combines the limited liability of the partnership with the personal control of the sole proprietorship e. is the least complex form of business organization
If the production of a sofa requires the purchase of 3 types of inputs and the production of a harp requires the purchase of 30 types of inputs,
a. the harp-producing firm will buy the sofa-producing firm b. the sofa-producing firm will buy the harp-producing firm c. harp production is more likely to be done by firms than sofa production is d. sofa production is more likely to be done by firms than harp production is e. both harp and sofa production will always be done by firms because there is more than one input involved in each
The income left in the economy after paying for all consumption spending by households and government spending is called _____
a. disposable income b. household saving c. national saving d. national income
How much is the percentage of income received by the lowest quintile on line R?
