Which of the following transactions is not a use of funds for Country A?
a. Increases in Country A's central bank reserve assets.
b. Dividends Country A pays to the rest of the world.
c. Loans to Country A from the rest of the world.
d. All of these are uses of funds.
e. None of the above is a use of funds.
.C
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The part of consumption that does not depend upon the level of disposable income is
A) autonomous consumption. B) savings. C) average propensity to consume. D) saving.
Suppose a tax equal to the value of the external cost of producing car batteries is imposed by government on all car battery manufacturers. All of the following will result from the tax except
A) an increase in demand for car batteries. B) a decrease in the market supply of car batteries. C) an increase in the equilibrium price of car batteries. D) a decrease in the equilibrium quantity of car batteries produced and consumed.
The market level (magnitude) of economic rent is determined by the
a. supply side of the market. b. demand side of the market. c. intersection of supply and demand. d. elasticity of demand for land.
In practice, economists:
A. disagree about what the level of potential output is and about what policies are appropriate. B. agree about what the level of potential output is but disagree about what policies are appropriate. C. agree about what the level of potential output is and about what policies are appropriate. D. disagree about what the level of potential output is but agree about what policies are appropriate.