If European economies experience a strong economic recovery, U.S. net exports will
A. increase and AD will shift outward.
B. increase and AD will shift inward.
C. decrease and AD will shift inward.
D. decrease and AD will shift outward.
Answer: A
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Refer to Table 18-6. Calculate the income tax paid by Sasha, a single taxpayer with an income of $60,000
A) $22,800 B) $14,400 C) $13,800 D) $13,642
Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the cloth to make prom dresses that she sells to Donita for $700. Donita sells the dresses for $1200 to kids attending the prom. The total contribution to GDP of this series of transactions is:
a) $1200 b) $500 c) $2300 d) $1100
A political structure's enfranchisement refers to:
A. the government's ability to expand its power. B. which territories are restricted by particular laws. C. who has the right to vote. D. which territories are protected under particular laws.
Other things equal, a decrease in government spending ________ the equilibrium interest rate and ________ equilibrium output.
A. decreases; decreases B. decreases; increases C. increases; decreases D. increases; increases