A decline in domestic output would cause a ________ in net exports and a ________ in the exchange rate
A) rise; rise
B) rise; fall
C) fall; rise
D) fall; fall
A
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Mary is willing to pay $50 for a Christmas tree, John is willing to pay $45 and Jeff is willing to pay $40. The price of a tree is $40. The total consumer surplus for Mary, John and Jeff taken together is
A) $15. B) $135. C) $40. D) $95. E) $120.
The figure above provides information for a factory that produces chemicals that pollute a waterway. The waterway is used by water skiers. The efficient quantity of chemicals to produce is ________ tons of chemicals a week
A) 1 ton B) as many tons as possible C) 3 tons D) 5 tons
What are the five most important variables that cause the market demand curve for labor to shift?
What will be an ideal response?
In 2017 inflation adjusted U.S. poverty threshold was
A. An annual income of less than $10,000 for a family of two. B. The cost of food and shelter but not other necessities for an individual. C. An annual income of less than $25,000 for a family of four. D. The dollar measure of output produced by an individual.