According to the above table, Alpha has comparative advantage in producing
A) pizzas.
B) donuts.
C) both pizzas and donuts.
D) neither pizzas nor donuts.
A
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Suppose research indicates that the effects of a one degree increase in Earth's average temperature would be much more devastating than previously believed. Therefore, the greater the marginal benefit of reducing greenhouse gases, other things constant,
a. the lower the optimal level of emissions b. the higher the optimal level of emissions c. the likelier that the level of emissions would have no effect d. the lower the optimal level of cleaner air e. None of the answers is correct
If a household's income falls from $20,000 to $17,000 and its consumption spending falls from $18,000 to $15,000, then its: a. marginal propensity to consume is ?0.67. b. marginal propensity to consume is 0.88. c. marginal propensity to consume is 0.20. d. marginal propensity to save is 0
e. marginal propensity to save is 0.12.
The difference between an international corporation and a multinational corporation is that the international corporation
a. produces in North America while the multinational corporation produces worldwide b. sells its products in North America while the multinational corporation sells its products worldwide c. sells only products while the multinational corporation sells products and services d. produces only in the home country while the multinational corporation produces in two or more countries e. exports goods and services while the multinational corporation imports goods and services
Which of the following is graphed as a horizontal line across levels of real GDP in the aggregate expenditures model?
A. the saving schedule B. the investment schedule C. the investment demand curve D. the consumption schedule