Imports have the same effect on the current size of GDP as:
A. exports.
B. investment.
C. consumption.
D. saving.
D. saving.
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Other things constant, the demand for an inferior good will decrease (the demand curve will shift left) if
A) the price of a complementary good decreases. B) the price of a substitute good increases. C) income increases. D) income decreases.
Why would a firm rather a company like J.D. Power (which provides product satisfaction reviews) review its product than doing it within the firm?
A) J.D. Power provides less credibility. B) J.D. Power provides greater credibility. C) J.D. Power is more honest than the average firm. D) J.D. Power has a government monopoly in providing product satisfaction reviews.
Refer to the accompanying table. Corey's opportunity cost of making of a pizza is delivering: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 3/2 of a pizza. B. 2 pizzas. C. 2/3 of a pizza. D. 1/2 of a pizza.
The labor supply curve facing an individual employer in a perfectly competitive labor market is:
A. upward sloping. B. downward sloping. C. horizontal. D. the MRP curve.