The short-run effects of an increase in the saving rate include
a. a higher level of productivity.
b. a higher growth rate of productivity.
c. a higher growth rate of income.
d. All of the above are correct.
d
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If the U.S. real exchange rate appreciates, U.S. exports
a. increase and U.S. imports decrease. b. decrease and U.S. imports increase. c. and U.S. imports both increase. d. and U.S. imports both decrease.
Compare two economies: a barter economy versus an economy that uses money. In order to exchange goods and services:
A. the money economy requires that sellers have more information about buyers' wants. B. transactions are likely to be smoother in the barter economy because goods and services are exchanged directly. C. a double coincidence of wants is necessary in the barter economy. D. a double coincidence of wants is more likely to occur in the barter economy.
The individual quantity demanded is the amount the ________ is willing to ________ at a given price.
A. buyer, purchase B. seller, sell C. seller, purchase D. buyer, sell
A proportional tax charges the same percentage of income, regardless of the size of income
a. True b. False Indicate whether the statement is true or false