A decline in the interest rate will lead to an increase in the price of capital, supply of capital remaining constant
a. True
b. False
Indicate whether the statement is true or false
True
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Depreciation of the U.S. dollar will shift the AD curve leftward
Indicate whether the statement is true or false
The voluntary export restraint that the United States negotiated with Japan:
a. violated provisions of the GATT that encouraged countries to avoid using quotas. b. exploited a loophole in the GATT because the quota was administered by the exporting country. c. did not allow U.S. auto producers to raise their prices. d. did not impose any deadweight losses on the United States
Game theory is the:
a. branch of economics that looks at political motives. b. branch of economics that looks at psychological motives. c. science of designing effective product differentiation. d. study of behavior in situations of interdependence.
A decrease in the price of a good will result in:
A) an increase in supply. B) an increase in the quantity demanded. C) more being supplied. D) an increase in demand