ukraine is a major producer of wheat, and exports much of its wheat to europe. if ukraine no longer is able to export to europe, consider the european market for wheat: indicate whether there is a shift in supply or demand in the european market
What will be an ideal response?
a) supply
b) demand
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What will be an ideal response?
Product indifference curves bow inward toward the origin because of diminishing returns to substitution of inputs.
Answer the following statement true (T) or false (F)
If velocity and output are fixed at 5 and 400, respectively, and the price level is 2, then the money supply is
A) 4,000. B) 200. C) 160. D) 40.
When a Japanese auto maker opens a factory in the U.S., U.S. net capital outflow
a. increases because the foreign company makes a portfolio investment in the U.S. b. declines because the foreign company makes a portfolio investment in the U.S. c. increases because the foreign company makes a direct investment in capital in the U.S. d. declines because the foreign company makes a direct investment in capital in the U.S.