Other things being equal, the effect of a downward shift of the economy's net export schedule on equilibrium GDP will be similar to a(n):
A. Rightward shift in the investment-demand schedule
B. Downward shift in the consumption schedule
C. Upward shift in the consumption schedule
D. Upward shift in the investment schedule
B. Downward shift in the consumption schedule
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Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning Joss to undertake a market survey and compile the findings in a report
Iris is willing to pay $500 for the service while Daphne is willing to pay $800. Suppose that the opportunity cost of Joss's time is $1,200. Assume that Iris and Daphne do not know each other. If the price of the report is $800 per copy A) only Daphne will purchase Joss's services and Joss will undertake the job for her. B) both Iris and Daphne will purchase Joss's services and Joss will undertake the job. C) only Daphne will want to purchase Joss's services but Joss will not be willing to do the work. D) neither Iris nor Daphne will commission the work.
The wage premium in the United States represents a
a. cost of higher education. b. decreasing return to higher education. c. higher return to college education. d. result of declining college attendance since 1973.
What does it mean to assume that investment is “autonomous”?
a. It is automatically determined by the economy. b. It is corrected by other more dominant factors. c. It is unrelated to the performance of the economy. d. It does not depend on the level of output in the economy.
Using Table 6.1, the inflation rate for 2003 would be 
A. 84.3% (184.3-100). B. 4.4% (184.3-180.9). C. 3.0% (190.3-180.9)/(2*180.9)*100%). D. 1.9% (((184.3-180.9)/180.9)*100 %).