The income of U.S. citizens working abroad counts in U.S. GNP.
Answer the following statement true (T) or false (F)
True
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Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine. One of the demand curves below represents the private demand for the vaccine and the other represents the social demand for the vaccine.
The private market equilibrium quantity is ________ doses per day.
A. 75 B. 100 C. 125 D. 50
A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses. The table shows the student's estimate of the relation between time spent studying each course and the grade for each course. 
Based on the above information, how should the student allocate her time?
A. 3 hours economics, 4 hours statistics, 2 hours finance B. 3 hours economics, 3 hours statistics, 3 hours finance C. 3 hours economics, 2 hours statistics, 4 hours finance D. 4 hours economics, 3 hours statistics, 2 hours finance
In moving along a given budget line:
A. the prices of both products and money income are assumed to be constant. B. each point on the line will be equally satisfactory to consumers. C. money income varies, but the prices of the two goods are constant. D. the prices of both products are assumed to vary, but money income is constant.
Assume the exchange rate is allowed to fluctuate freely. Using the IS-LM-IP model, graphically illustrate and explain what effect an increase in foreign output (Y*) will have on the domestic economy. In your graphs, clearly label all curves and equilibria
What will be an ideal response?