If there is a decrease in world taxes ________
A) domestic investment would fall
B) net exports would increase
C) domestic interest rates would go up
D) all of the above
E) none of the above
D
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Which of the following statements is NOT true about economic growth?
A) Growth is measured as the overall level of real GDP. B) Growth generally means that overall the members of the nation are better off materially. C) When growth occurs the production possibilities curve shifts outward. D) Growth represents an increase in a nation's productive capacity.
If somebody posing as a vacationer were able to purchase large numbers of airline tickets from the airlines and later resell them to business travelers,
A) group price discrimination on the part of airlines would no longer be profitable. B) group price discrimination on the part of airlines would no longer be profit maximizing. C) the airlines would respond by raising further the price charged to business flyers. D) this person would not earn any economic profit.
Following the Revolution,
a. America found itself outside the protection of the British empire. b. trade alliances with both Spain and France began to crumble. c. all American-built vessels were ineligible to trade with the British Empire. d. All of the above are correct. e. Only a and b are correct.
If US consumers want to buy Chinese goods, they will
a. buy Yuans to sell US Dollars b. Sell Yuans to buy US Dollars c. Demand Yuan d. Both a and c