The major coordination tasks can be summarized with the questions
A. who, what, when, where.
B. how, what, for whom.
C. how, what, why.
D. how, why, for whom.
E. who, how, what.
Answer: B
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Which of the following is true?
A) The gap between the income per capita of U.S and the income per capita of poorer countries is small when exchange rate-based measures are used. B) The gap between the income per capita of U.S and the income per capita of poorer countries is large when PPP-based measures are used. C) Exchange rate-based measures of income per capita are identical to PPP-based measures. D) Exchange rate-based measures of income per capita differ from PPP-based measures of income per capita.
The FTC is
A) the act that prevents producers from driving out smaller competitors by means of selected discriminatory price cuts. B) the commission that investigates unfair competitive practices such as misleading advertising. C) an agency which has been set up to regulate the federal government. D) the agency set up to regulate hospitals.
An increase in the price level will lead to which of the following sequences?
a. The money demand curve shifts leftward, the interest rate drops, the aggregate expenditure line shifts upward, and there is movement downward along the aggregate demand curve. b. The money demand curve shifts rightward, the interest rate increases, the aggregate expenditure line shifts downward, and there is movement upward along the aggregate demand curve. c. The money demand curve shifts leftward, the interest rate drops, the aggregate expenditure line shifts downward, and there is movement upward along the aggregate demand curve. d. The money demand curve shifts rightward, the interest rate increases, the aggregate expenditure line shifts upward, and there is movement downward along the aggregate demand curve. e. the money demand curve shifts leftward, the interest rate drops, the aggregate expenditure line shifts upward, and there is movement upward along the aggregate demand curve.
in a market economy?
A. Resources are distributed equal across the all possible users. B. resources move to higher valued uses in respond to change in price. C. Resources usage is independent of the price. D. Most resources are distributed by the government. E. All of the above.