Anna gives Billy a gift of $200. We can be sure that Billy will
A) spend the $200 on what Anna hopes that he will spend it on.
B) save the $200, and not spend it on anything.
C) spend the $200 on whatever is next on Billy's list of things to buy.
D) spend the $200 on something that Anna does not want him to spend it on.
C
You might also like to view...
When the U.S. dollar decreases in value relative to foreign currencies, the ________.
A. demand for U.S. exports will increase B. supply of U.S. exports will remain constant C. supply of U.S. exports will decrease D. demand for U.S. exports will decrease
The government might increase its spending to end a recession because:
A. allowing the short-run aggregate supply to adjust since back to the long-run can take a long time. B. the economy experiences lower prices at the long-run equilibrium. C. the economy enjoys a higher level of output in the long run. D. None of these justify why the government might change its spending to end a recession.
Immigration has _____ our rate of economic growth.
A. increased B. slowed C. had no effect on
Some argue that U.S. workers cannot compete with cheap labor from many developing nations. This
A) is true and is a justification for tariffs to protect domestic jobs. B) is true and it is has been found that tariffs in these cases can save thousands of jobs and benefit the economy. C) is true but the benefits of free trade are still such that tariffs should not be placed on these industries. D) is not true, as evidenced by the fact that the United States carries on a lot of trade with countries that have lower wages.