________ increases the quantity of real GDP supplied and is shown as a movement along the AS curve
A) An increase in potential GDP
B) A decrease in the quantity of money
C) A rise in the price level
D) A decrease in consumption expenditure
E) A fall in the expected rate of profit
C
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An import quota is a
A) tariff imposed on goods that are dumped in the country. B) law that prevents ecologically damaging goods from being imported into a country. C) market-imposed balancing factor that keeps prices of imports and exports in equilibrium. D) government-imposed restriction on the quantity of a specific good that can be imported.
The demand curve facing an oligopoly will be less elastic
A. the larger its share of the market and the more differentiated the product. B. the smaller its share of the market and the more differentiated the product. C. the larger its share of the market and the less differentiated the product. D. the smaller its share of the market and the less differentiated the product.
"Ceteris paribus" means
A) "invisible hand." B) "other things equal." C) "making all the necessary changes." D) "at the aggregate level."
Which of the following statements is false?
A. Greater distance reduces the likelihood of migration B. Greater stocks of human capital result in greater personal productivity and earnings C. The majority of international migrants move to countries relatively close to their home countries D. Implicit costs of migrating are not affected by distance