Economists who have studied the impact of immigration on world welfare generally find after considering impacts on all constituencies that world GDP has _______ as a result of immigration of workers and FDI.
a. decreased
b. risen
c. remained constant
d. decreased sharply
Ans: b. risen
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The relationship between the level of prices and total quantity of goods and services producers are willing to supply is represented by the
A) aggregate supply curve. B) aggregate demand curve. C) sticky price curve. D) GDP multiplier.
Assume an automobile manufacturer can sell its sport utility vehicle (SUV) with or without a trailer towing package. One group of customers, group A, is willing to pay a maximum of $30,000 for the SUV and $1,100 for the towing package
A second group, B, is willing to pay $29,000 for the SUV and $1,000 for the towing package. Assuming the manufacturer cannot price discriminate, to maximize its revenues the manufacturer should: A) sell the components separately, charging $30,000 for the SUV and $1,000 for the towing package. B) sell the components separately, charging $29,000 for the SUV and $1,100 for the towing package. C) sell the components separately, charging $29,000 for the SUV and $1,000 for the towing package. D) sell the components as a bundle for $30,500.
Suppose a bank has $850 million in vault cash and a deposit in the Fed of $100 million. If the bank's required reserves equal $500 million, then the bank has excess reserves of:
a. $100 million. b. $350 million. c. $400 million. d. $450 million. e. $500 million.
The quantity of newspapers sold will decline if
a. newsprint becomes more expensive. b. the printers' union makes wage concessions. c. prices are reduced. d. magazine prices rise.