Approximately ________ people live in the United States and ________ people live in the world
A) 210 million; 5 billion
B) 310 million; 7 billion
C) 210 million; 6 billion
D) 410 million; 8 billion
E) 310 million; 3 billion
B
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Considering the concept of rational behavior, which of the following requests will likely get the most help?
a. Could you call me at your convenience to give me tips about investing? b. Could you meet with me right away to give me investment advice? c. Could you provide me with a detailed list of investment advice as soon as possible? d. Could you drive 20 miles to my house to give me investment advice?
The purchasing power of money
A. varies inversely with the interest rate. B. is determined by law. C. varies inversely with the price level. D. depends on the value of gold.
In the dynamic aggregate demand and aggregate supply model, what is the result of aggregate demand increasing slower than potential real GDP?
What will be an ideal response?
If the world price is below the domestic "no-trade" equilibrium price, then with international trade:
a. the domestic shortage can be eliminated by rationing. b. the domestic surplus can be consumed at home. c. the domestic surplus can be exported to the rest of the world. d. the domestic quantity demanded is equal to that supplied by the world. e. the domestic shortage can be met by foreign imports.