__________ and __________ quotation are also referred to as American and European Quotes.
Fill in the blank(s) with the appropriate word(s).
Answer: Direct; indirect
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Draw a graph of a market in equilibrium. Describe what might cause a change in demand or supply and how this would affect the diagram. Indicate how the equilibrium price and quantity will change.
What will be an ideal response?
If retailers' marginal cost from providing product-specific services for a new smart television is $50, if retailers offer the product-specific services for the television, the market ________ will ________.
A) supply; shift to the right B) supply; shift to the left C) demand; shift to the left D) supply, not shift
Which of the following fiscal programs is least likely to affect aggregate demand?
a. Defense spending b. Road construction c. Grants for scientific research and development d. Social Security for women e. Government purchases of labor
Our balance of trade in services is _______ and our balance of trade in goods is ______.
A. negative; negative B. positive; positive C. positive; negative D. negative; positive