Other things the same, in the open-economy macroeconomic model, which of the following would make China's net capital outflow increase?
a. an increase in U.S. interest rates
b. an increase in Chinese interest rates
c. an appreciation of the Chinese yuan
d. None of the above is correct.
a
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Which of the following reasons did not contribute to the rise of "King Cotton"?
a. Eli Whitney's invention of the cotton gin in 1793 b. soils and climate of the new Southwest c. large shifts in slave populations d. declines in slave populations that drove mechanical innovation
Discuss some of the reasons behind downward stickiness of wages and prices
If a good is inferior, then an increase in income will result in a(n)
a. increase in the demand for the good. b. decrease in the demand for the good. c. movement down and to the right along the demand curve for the good. d. movement up and to the left along the demand curve for the good.
If a monopolist's marginal cost equals its marginal revenue
A. output should be raised. B. output should be reduced. C. production is at its most efficient level. D. profits are maximized or losses are minimized.