In the United States, individuals are forced to make choices
a. because time is scarce, though spending power is not
b. because spending power is scarce, though time is not
c. though neither time nor spending power are scarce
d. because both time and spending power are scarce
e. because living standards are low
D
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If the Fed pursues expansionary monetary policy,
A) aggregate demand will fall, and the price level will fall. B) aggregate demand will fall, and the price level will rise. C) aggregate demand will rise, and the price level will fall. D) aggregate demand will rise, and the price level will rise.
Federal expenditures on national defense as a percentage of GDP have shown a steady year-to-year increase from 1960 to 2010
a. True b. False Indicate whether the statement is true or false
Table 7.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its total profit under the student discount policy?
A. $450 B. $550 C. $600 D. $650
Refer to the information provided in Figure 20.4 below to answer the question(s) that follow.
Figure 20.4Refer to Figure 20.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. After the tariff is imposed, tariff revenue in this country will be
A. $50. B. $250. C. $500. D. $750.