A graph illustrating how a variable changes over time is called a time-series graph.
Answer the following statement true (T) or false (F)
True
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The open economy effect suggests that
A) a decrease in domestic price level will cause foreign residents to buy more domestic goods, increasing net exports. B) a rise in domestic price level will cause domestic residents to buy fewer imported goods. C) a rise in domestic price level will cause foreign residents to buy more domestic goods. D) a decrease in domestic price level will cause foreign residents to buy fewer domestic goods, increasing net exports.
A decrease in the personal income tax rate ________ disposable income which ________ consumption
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Suppose you start your own company making T-shirts that commemorate campus sporting events. An example of the resource capital would be
a. the factory you created in a building you are leasing b. your time and effort used to produce T-shirts c. the entire campus, since the demand for T-shirts is obtained from campus students d. the athletic facilities, since the athletic teams generate sporting events advertised on the T-shirts e. your creative designs used to commemorate different sporting events
An increase in the interest rate would reduce the present value of a property
Indicate whether the statement is true or false