According to the article, ________ can be expected to ________ this year
A) exports; increase
B) consumption; decrease
C) imports; decrease
D) net interest income; decrease
A
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The founders of the U.S. Constitution clearly understood how to write a document capable of producing the amount of wealth presently accumulated in the U.S
Indicate whether the statement is true or false
Most economists believe that there are positive externalities in education. One can conclude that a free market would fail to give the socially optimal outcome because the equilibrium:
a. price and quantity would be too high. b. price would be too low and quantity would be too high. c. price and quantity would be too low. d. price would be too high and quantity would be too low. e. price and quantity would be just right.
If we observe that Jamie's budget constraint has moved outward, then we know for certain that
a. her income must have increased. b. she will be indifferent between goods X and Y. c. the price of one or both of the goods must have decreased. d. she can reach a higher indifference curve.
If average movie attendance is 250 million when prices are $9 a ticket and 200 million when prices are $11 a ticket, the elasticity of demand for movie tickets is about:
A. 1.1. B. 0.0. C. 1.8. D. 0.9.