When the dollar depreciates, the cost to Americans of foreign goods
A. rises and the CPI falls.
B. rises and the CPI rises.
C. falls and the CPI rises.
D. falls and the CPI falls.
Answer: B
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If the CPI falls from 142 to 140 between two consecutive years, this implies that prices fell by 2% between those two years
Indicate whether the statement is true or false
When farmers take part in the soil-bank program, they receive
a. additional allotments of acreage in the future b. income, including government subsidies, for goods produced on that land c. payments for producing nothing on the acres put into the soil bank d. preferential tax treatment e. residential property tax credits
If the government faced a balanced budget rule, it would be forced to raise taxes or decrease spending during a recession
a. True b. False Indicate whether the statement is true or false
A new disease-resistant seed increases the yield of wheat. Which of the following would most likely be the result?
a. The price of wheat would soar. b. The supply of wheat would decline. c. Sellers would decrease the price of bread. d. Buyers would stock up on bread, which is in short supply.