Which of the following goods or services are among top U.S. imports?
a. aircraft
b. education
c. computers
d. soybeans
c. computers
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It seems quite possible that cigarette companies concealed information about the effects of smoking on health, causing cigarette prices to be __________ and cigarette sales to be __________ than would have been the case under symmetric information.
A. higher; higher B. higher; lower C. lower; higher D. lower; lower
Suppose the Fed increases the money supply. As a result of this, people deposit excess funds into their bank accounts, causing banks to have excess reserves
As a result, the banks lower the interest rates that they charge on loans, and investment rises, causing an increase in aggregate spending. This is known as a(n) A) direct effect of monetary policy. B) indirect effect of monetary policy. C) direct effect of fiscal policy. D) indirect effect of fiscal policy.
After Suzie, owner of Suzie's Sweet Shop, hires her 8th worker the average product of labor declines. Which of the following statements must be true?
A) The marginal product of the 8th worker is negative. B) The marginal product of the 8th worker is less than the average product of labor before the 8th worker was hired. C) Suzie's profits would be greater if she did not hire the 8th worker. D) The average product of labor is negative.
If exports and imports:
a. are imbalanced, then a trade surplus exists b. are imbalanced, then a trade deficit exists c. are equal, then trade is balanced d. are equal, then the economy is unhealthy