Refer to Figure 9.7. After the policy was implemented, price became
A) $10.
B) $30.
C) $50.
D) $70.
E) between $50 and $70, but the price is uncertain because quantity can be any amount between 2000 and 4000.
C
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Indicate whether the statement is true or false
Retained earnings are the same thing as "plowback."
a. True b. False Indicate whether the statement is true or false
Assume that the MPC is 0.85 and investment spending rises by $100 million. How much consumption spending will this generate in the second round of spending?
a. $15 million b. $85 million c. $100 million d. $118 million e. $185 million
The gravity equation uses a calculation to predict the level of bilateral trade based directly on ____ and inversely on _____.
a. wages; technology b. size of the countries' GDP; the geographic distance between the countries c. the percent of the countries' GDP in manufacturing; their level of tariffs d. the growth rates of the countries' GDP; their openness to trade