Tom is a U.S. citizen. He took up a job and moved to the U.K. His income will lead to a(n) ________
A) decrease in the GDP of U.K. B) increase in the GNP of U.K.
C) increase in the GDP of U.S. D) increase in the GNP of U.S.
D
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How is the short-run supply curve of a perfectly competitive market different from the long-run supply curve?
The combined effects of a fiscal contraction and a monetary expansion are
a. higher real interest rates. b. exchange rate depreciation. c. increased current account deficit. d. All of the above are correct.
According to hegemonic stability theory, the United States will
a. be relieved to finally let go of its status as world leader. b. not give up its global preeminence without a fight. c. diminish so gradually that its reduced global influence will hardly be noticed. d. never have to worry about losing its world dominance.
If you drive on a rural stretch of highway and come upon an intersection in which there is only one gas station, and you know it to be the only one for 100 miles, it is a
A. monopolist. B. monopolistic competitor. C. perfect competitor. D. oligopolist.