Which of the following would be most likely to induce Congress and the president to conduct expansionary fiscal policy? A significant
A) decrease in oil prices. B) increase in consumption spending.
C) decrease in investment spending. D) increase in net exports.
C
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Other things remaining the same, as U.S. imports increase, the quantity of
A) foreign currency supplied increases. B) U.S. dollars supplied decreases. C) foreign currency demanded increases. D) foreign currency demanded decreases. E) U.S. dollars demanded increases.
Suppose that labor is mobile between countries A and B. If the relative demand for goods rises in country A, then labor can flow from ______________. It may be possible in this situation for countries A and B to __________________ which would help to___________________
A) country A to country B; fix the exchange rate between the two countries (or have a common currency); eliminate the risks associated with having a flexible exchange rate. B) country B to country A; impose trade restrictions upon one another; increase employment in country A C) country B to country A; fix the exchange rate between the two countries (or have a common currency); eliminate the risks associated with having a flexible exchange rate D) country A to country B; adopt flexible exchange rates; reduce the risk of exchange rate fluctuations
JoJo has a monopoly producing stringless yoyos. His company is called JoJo's Yoyos. As a result of his monopoly position,
A. he is guaranteed a profit. B. if he loses money in the short run, he will make money in the long run. C. his average total costs will always be lower than the price he charges. D. None of the choices are correct.
Suppose the price of banana rises over time and consumers respond by buying fewer bananas. This situation contributes to which bias in the consumer price index?
A. substitution bias B. transportation bias C. quality bias D. indexing bias