If the dollar were to increase relative to the currencies of our major trading partners, our trade deficit would tend to ______________.
Fill in the blank(s) with the appropriate word(s).
rise
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Which of the following best describes the relationship between economic freedom and the growth rate of real per capita Gross Domestic Product (GDP)?
A) Countries with less economic freedom tend to grow more rapidly than those that are more free. B) There are too many extraneous factors involved to discern any relationship between the two. C) Countries with more economic freedom tend to grow more rapidly than those that are less free. D) Rich countries that are economically free generally grow rapidly, but there is no evidence that economic freedom helps low-income countries.
Queuing is a way to ration goods
A. through the use of political power. B. through prices. C. through markets. D. on a first-come, first-serve basis.
Assuming a CEO has to sacrifice more than his assistant in order to engage in full-time typing, we would say that his assistant has a(n) ________ advantage in typing versus the CEO
A) absolute B) comparative C) pecuniary D) overwhelming
In Figure 11.1, an increase in the marginal propensity to save is represented by a change in the consumption function from
A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.