Which of the following is not a factor of production?
A. Money
B. Labor
C. Capital
D. Entrepreneur
Answer: A
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A tariff ranging from 28 percent to 113 percent on Chinese frozen shrimp is an example of
A. a policy protecting American consumers from foreign producers. B. a policy protecting American fisheries from overfishing. C. a policy protecting domestic producers from foreign producers. D. a policy using regulations and taxes to protect American consumers.
Economists must actually measure the utilities of goods to determine demand
Indicate whether the statement is true or false
Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds per time period and the nominal value of the domestic currency in the context of the
Three-Sector-Model? a. The quantity of real loanable funds per time period rises and nominal value of the domestic currency falls. b. The quantity of real loanable funds per time period falls and nominal value of the domestic currency remains the same. c. The quantity of real loanable funds per time period rises and nominal value of the domestic currency remains the same. d. The quantity of real loanable funds per time period falls and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.
Explain what factors determine the market supply of US corn. Pick the most appropriate list among the following.
A. the price of corn, the price of inputs going into corn, technology B. the price of corn, the price of inputs going into corn, technology, and the number of farms growing corn C. the price of related crops competing for land with corn, the price of inputs going into corn, technology, the number of farms growing corn D. the price of corn, the price of related crops competing for land with corn, the price of inputs going into corn, technology, and the number of farms growing corn