Which of the following will lead to a decrease in the gross domestic product of a country, all other variables remaining unchanged?
A) An increase in exports B) An increase in the expenditure on investment
C) An increase in imports D) An increase in the expenditure on consumption
C
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The real interest rate is equal to the
A) nominal interest rate plus the inflation rate. B) nominal interest rate minus the inflation rate. C) nominal interest rate times the inflation rate. D) nominal interest rate divided by the inflation rate. E) inflation rate minus the nominal interest rate.
The major difference between the for-profit and the not-for-profit organizational form is:
a. patients receive higher quality of care in not-for-profit hospitals. b. shareholders receive higher return on their investment in a not-for-profit environment. c. primarily the ability to transfer assets. d. for-profit hospitals do not provide charity care. e. the absence of a profit motive in the not-for-profit environment.
The fact that the slope of the production possibilities curve becomes steeper as we move down along the curve indicates that:
A. the principle of increasing opportunity costs is relevant. B. society's resources are limited. C. the opportunity cost of producing each product is constant. D. resources are perfectly shiftable between alternative uses.
Draw a supply and demand graph on the below diagram that illustrates the market for pollution rights. Label the axes and curves. Then show what happens to price and quantity when the demand for pollution rights increases in the market
