Which of the following would shift the supply curve for a product to the right?
a. an increase in the price of a resource used in the good's production
b. the expectation of a higher price in the near future
c. an increase in the price of the product
d. an increase in the price of an alternative good
e. an improvement in the technology for producing the good
E
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Over time, a country's real GDP per capita typically
A) shrinks B) grows. C) increases and decreases randomly. D) remains stable.
Computers and insurance coverage produced in the United States and sold to people in other nations are categorized as
A) U.S. imports of goods and services. B) U.S. exports of goods and services. C) U.S. consumption goods and services. D) foreign capital goods. E) U.S. government goods and services.
All else held constant, as the variance of a payoff increases, the
A) expected value of the payoff increases. B) risk of the payoff increases. C) expected value of the payoff decreases. D) risk of the payoff decreases.
If Bob in Texas buys bonbons made in France for $25, and the French chocolatier buys stock in IBM for $25, then the French net exports:
A. and net capital outflow are both zero. B. and net capital outflow both equal $25. C. is zero and net capital outflow is $25. D. equals $25 and net capital outflow is zero.