How do countries protect their domestic economy from excessive influence by multinational corporations?
(A) By requiring the multinationals to export a certain percentage of their products.
(B) By raising the price of goods and services provided by the multinationals.
(C) By limiting the supplies of the multinational corporations.
(D) By developing their internal economies.
Ans: (A) By requiring the multinationals to export a certain percentage of their products.
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Assuming all else equal, if a household is optimistic about future income, it is likely to cause:
A) the current credit supply curve of the household to shift to the left. B) an upward movement along the current credit supply curve of the household. C) the current credit supply curve of the household to shift to the right. D) a downward movement along the current credit supply curve of the household.
Suppose the inverse supply curve in a market is Q = 6p2. What is the producer surplus when price is equal to 4?
A) 96 B) 128 C) 28 D) 48
Which of the following statements is true?
A) Base year prices are necessarily higher than current year prices. B) The CPI in the base year is always 100. C) If the CPI is 112 in year 1 and 123 in year 2, prices have risen by approximately 9.8 percent between the two years. D) b and c E) a, b, and c
The overall boost to economic activity that results from a government spending increase is called the
A. multiplier effect. B. economic effect. C. butterfly effect. D. aggregate demand effect.