In Figure 10-5 above, suppose that the level of government expenditures increases. This causes a movement of the steady-state point such as from points
A) A to B.
B) D to B.
C) D to C.
D) A to C.
E) A to D.
C
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Under ________ there are many firms selling identical products
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
If using the same resources, the U.S. workers can produce more of any good than Mexican workers, then the United States should produce every good
a. True b. False Indicate whether the statement is true or false
If you carefully research the products, technologies, patents, and management of firms, the efficient markets theory of stock prices, predicts that
a. you will probably reap significant gains b. you will actually decrease your odds of doing better than the average investor c. you will probably do about as well as someone who did no research d. you will lose money unless you failed to consider historical stock price patterns e. both b and d
Every time you go to the grocery store, you try to wait in the shortest line. But the lines always seem to be roughly the same length. Why?
A. Random chance equalizes the length of the lines. B. The cashiers work at the same speed. C. Other people are trying to choose the shortest line too. D. The cashiers do not have an incentive to work faster.