If the slope of the consumption schedule is 0.75, then the slope of the saving schedule is:
A. 0.25
B. 0.75
C. 1.25
D. Cannot be determined from the data
A. 0.25
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A consequence of adverse selection is:
A. buyers gain surplus they would have lost with complete information. B. sellers gain surplus they would have lost with complete information. C. transactions do not take place that would have been possible if the parties had the same information. D. buyers make irrational decisions because they lack information.
Net capital outflow represents the quantity of dollars supplied in the foreign-currency exchange market
a. True b. False Indicate whether the statement is true or false
When a tariff is removed from an imported product, which of the following will occur?
A. The demand curve for the imported product will shift to the right. B. The level of imports will fall. C. The supply curve for the imported product will shift to the left. D. The price paid by consumers will fall.
A barter arrangement simply means
A. that gold must be offered from one party. B. the government has to facilitate the exchange. C. a direct exchange of goods without the use of money. D. a promise to pay in the future.