If exports exceed imports during a period of full employment (while other planned injections equal other planned leakages), the economy
a. remains stable.
b. contracts.
c. experiences rising prices.
d. experiences falling prices.
c. experiences rising prices.
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The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's total benefit from consuming 15 sodas is
A) $15.00. B) $26.25. C) $11.25. D) $0. E) None of the above answers is correct.
An increase in which of the following will shift the economy's productivity (GDP/L) curve?
a. the quantity of laborers b. technology c. capital d. output e. consumption
Why does equilibrium in the market for a traded good not occur where that country's quantity demanded equals quantity supplied?
a. Because equilibrium occurs where demand equals supply. b. Because markets are never in equilibrium. c. Because some of the good is imported or exported. d. Because there are several demand curves, and the market can't choose between them. e. All of the above are correct.
If a payout is certain to occur, then the variance of that payout equals
A) zero. B) one. C) the expected value. D) the expected value squared.