How does GDP deal with a Ford produced in Mexico?
A. It is not counted at all.
B. It is partially counted.
C. It is fully counted.
D. Is counted at twice the value.
Answer: A
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An increase in disposable income shifts the supply of loanable funds curve
A) leftward and decreases the real interest rate. B) leftward and increases the real interest rate. C) rightward and decreases the real interest rate. D) rightward and increases the real interest rate.
In the case where money demand is completely interest insensitive (interest elasticity equals zero), an increase in the quantity of money will
a. increase income but leave the interest rate unchanged. b. increase income and lower the interest rate. c. lower the interest rate but leave income unchanged. d. leave both income and the interest rate unchanged.
Graphically, producer surplus is the area:
a. above the equilibrium price and below the demand curve. b. below the equilibrium price and below the supply curve. c. above the supply curve and below the demand curve. d. below the equilibrium price and above the supply curve. e. below the equilibrium price and above the demand curve.
Which of the following transactions can be categorized as outsourcing?
a. A U.S. furniture manufacturer buying a lumber facility. b. A U.S. firm transferring some of its operations to its new subsidiary in India. c. Nike selling its sportswear to customers through its franchisees across the world. d. A U.S. cosmetics firm using an advertising agency to market its products.