Which of the following would increase GNP in the United States? Question 1 options:
A. an increase in the production of Mexican-owned Grupo Minsa corn in the U.S.
B. an increase in the production of Japanese-owned Toyota cars in the U.S.
C. an increase in the production of U.S.-owned General Motors cars made in Mexico
D. an increase in the production of Japanese-owned Toyota cars in Mexico
C. an increase in the production of U.S.-owned General Motors cars made in Mexico
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To increase future living standards by pursuing higher current rates of investment spending, an economy must
A. decrease the amount of future research and development spending. B. reduce current rates of consumption spending. C. reduce the current capital stock. D. allow higher rates of current consumption.
What would be the most likely effect on the price of tickets for the Rose Bowl football game if a wealthy alumnus agreed to pay all the travel and lodging expenses of the visiting players?
A) No effect. B) The price would fall. C) The price would rise. D) We have no basis for predicting because college football is a non-profit enterprise.
The table above gives the demand for a monopolist's output. Between which two quantities is marginal revenue equal to 0?
A) 4 and 5 B) 3 and 4 C) 2 and 3 D) 1 and 2
The German bond market
A) is very large by international standards. B) is very small by international standards. C) is about the same size as the U.S. bond market. D) shrunk considerably in the 1990s.