Globalization has given U.S. consumers a wider variety of gourmet food products from which to choose and has lowered the prices of these products in general
This, in turn, has encouraged consumers to buy more gourmet food items, which has ________ the amount of cooperative surplus for the buyers and sellers of gourmet food products. A) increased
B) decreased
C) not changed
D) reduced to zero
A
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International capital flows are:
A. exports plus imports. B. sales of domestic goods or services to foreigners. C. purchases of foreign goods or services. D. purchases or sales of real and financial assets across international borders.
Friedman and Schwarz argue that money is not neutral because
A) theoretical models of the economy don't show monetary neutrality. B) money is a leading, procyclical variable. C) they found several historical incidents in which changes in the money supply were not responses to macroeconomic conditions, and output moved in the same direction as money. D) they found no evidence that productivity changes or changes in government spending contributed to business cycles; only monetary changes preceded every recession.
The price of a taco was $0.29 in 1970 and $1.09 in 2000. The CPI was 38.8 in 1970 and 172.2 in 2000. The 2000 price of a taco in 1970 dollars is:
A) $0.25. B) $0.29. C) $1.09. D) $4.84.
The Federal Reserve System consists of which of the following?
A. Federal Deposit Insurance Corporation and Controller of the Currency. B. Board of Governors and the 12 Federal Reserve Banks. C. U.S. Treasury Department and Bureau of Engraving and Printing. D. Federal Open Market Committee and Office of Thrift Supervision.