Which of the following countries has the lowest export ratio?
A. Haiti.
B. The United States.
C. India.
D. Samoa.
Answer: D
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If the money prices of resources changes
A) the LAS curve shifts. B) the SAS curve shifts. C) the AD curve shifts. D) the macroeconomic equilibrium is unaffected.
The table above provides cost data for a perfectly competitive firm producing toy cars. The firm is producing non-divisible goods. If the market price is $70 and the firm is a profit maximizer, the firm can earn a maximum economic profit of ________
A) a loss of $500 B) a loss of $10 C) a loss of $510 D) $210
If a country is subject to increasing opportunity costs, its national supply curve (i.e. the locus of national output levels of S at various relative prices of S) will have a ________ slope
A) flat B) positive C) negative D) bowed out
An expansionary monetary policy will
A. increase imports. B. decrease exports. C. increase a current account deficit. D. decrease a capital account surplus.