It is inappropriate and ultimately foolish to respond to the disruptions of international trade by trying to restrict trade through __________ decisions.
a. policy
b. political
c. consumer
d. business
a. policy
It is inappropriate and ultimately foolish to respond to the disruptions of international trade by trying to restrict trade through policy decisions.
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Assuming MPC = 0.5, a $2,000 decrease in intended investment will shift the aggregate expenditure curve down by
a. $2,000 and will decrease the equilibrium level of national income by $2,000 b. $2,000 and will decrease the equilibrium level of national income by less than $2,000 c. $2,000 and will decrease the equilibrium level of national income by more than $2,000 d. more than $2,000 and will decrease the equilibrium level of national income by more than $2,000 e. less than $2,000 and will decrease the equilibrium level of national income by less than $2,000
A profit-maximizing monopolist will never produce on the elastic segment of its demand curve
Indicate whether the statement is true or false
Scaling back the U.S. "war on terror" would:
A. suggest that the United States is allocating less than the optimal amount of resources to the war on terror. B. shift U.S. production from "defense goods" to "civilian goods." C. shift U.S. production from "civilian goods" to "defense goods." D. shift the production possibilities curve inward.
When the occupational choices of women or minorities are restricted, this results in:
A. Lower wages for these groups, but has no effect on the efficient allocation of labor resources B. Lower wages for these groups, but more efficient allocation of labor resources C. Lower wages for these groups and less efficient allocation of labor resources D. Higher wages for these groups and more efficient allocation of labor resources