Stabilization policy has helped ameliorate the impact of recessions since the 1950s.
Answer the following statement true (T) or false (F)
True
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Which of the following is not an example of a government-imposed entry barrier?
A) occupational licensing B) antitrust legislation C) patents D) barriers to international trade
Given the equations for C, I, G, and NX below, what is the marginal propensity to save?
C = 1,000 + 0.8Y I = 1,500 G =1,250 NX = 100 A) 0.2 B) 0.8 C) 1.8 D) 10
International trade tends to lower the value of the multiplier because
a. imports fall as GDP increases. b. net exports fall as GDP increases. c. net exports tend to rise as GDP increases. d. exports fall as GDP increases.
Refer to the diagram, assuming that the firm represented is operating on curve TC 1 . If the current price of the resource rises by $20, the optimal quantity extracted in the first year will:
A. increase by 250.
B. increase by 500.
C. decline by 250.
D. remain unchanged.