Immigration significantly contributed to economic growth in the U.S. throughout the entire period between Independence and the Civil War
Indicate whether the statement is true or false
False
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This refers to an increase in government spending that produces a reduction in private spending
A) crowding out. B) investment disappointment. C) social loss. D) deadweight loss.
An increase in the interest rate would result in a(n)
a. shift to the left in the demand curve for loanable funds b. shift to right in the supply curve of loanable funds c. decrease in the quantity demanded of loanable funds d. increase in the present value of assets e. decrease in the quantity supplied of loanable funds
Stewie spends all of his income on movie rentals (R) and noodles (N). His marginal rate of substitution for rentals with noodles is given by MRSRN = 20/?R. Suppose that movies rent for $2 and noodles cost $1. Plot his income-consumption curve, his Engle curve for movie rentals and his Engel curve for noodles.
What will be an ideal response?
If consumers suddenly have a greater desire for energy drinks, the price of energy drinks will likely ________ and producers will ________ production
A) increase; decrease B) increase; increase C) decrease; decrease D) decrease; increase