Refer to the table above. If exports increase by $4,000 in the next year, ________, all other variables remaining unchanged
A) trade surplus will increase by $2,000 B) trade deficit will increase by $2,000
C) gross domestic product will increase by $4,000 D) gross domestic product will decrease by $4,000
C
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Use the following graph to answer the next question.
When output increases from Q1 and the price level decreases from P1, this change will ________.
A. be caused by a shift in the aggregate supply curve from AS1 to AS2 B. result in a movement along the aggregate demand curve from e3 to e1 C. result in a movement along the aggregate demand curve from e1 to e2 D. be caused by a shift in the aggregate supply curve from AS1 to AS3
What is true about dominant strategies in the game in Scenario 13.11?
A) R1 and C1 are dominant strategies. B) R1 and C2 are dominant strategies. C) R2 and C1 are dominant strategies. D) R2 and C2 are dominant strategies. E) There are no dominant strategies.
A solution to the budget-gaming problem is
a. Remove all kinks from the compensation schedule b. Use a straight line pay for performance function c. Do not base compensation on meeting a particular budget goal d. All of the above
A good that is consumed by a single person or household is:
A. rival. B. nonrival. C. excludable. D. nonexcludable.