A falling dollar makes U.S. goods
A) more expensive abroad and increases the volume of U.S. exports.
B) less expensive abroad and increases the volume of U.S. exports.
C) less expensive abroad and decreases the volume of U.S. exports.
D) more expensive abroad and decreases the volume of U.S. exports.
B
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The interest that people receive on the government bonds is part of
a. net national product and is included in national income b. their personal income, but is not included in national income c. their personal income, but is included in capital depreciation d. the underground economy, so it is not included in GDP e. the numerous transfer payments the government makes, so they are not counted as part of national income
How will an increase in lumber prices influence the home construction market?
a. The demand for newly constructed homes will increase. b. The demand for newly constructed homes will decrease. c. The supply of newly constructed homes will increase. d. The supply of newly constructed homes will decrease.
In the circular flow of income model injections:
a) Are assumed to be exogeneous (independent of national income) b) Are assumed to be a function of national income c) Decrease aggregate demand d) Decrease the investment into an economy
If an economy's production possibility frontier is negatively sloped and "bowed outward" from the origin, then the opportunity cost of producing a good
A. remains constant as less of that good is produced. B. remains constant as more of that good is produced. C. decreases as more of that good is produced. D. increases as more of that good is produced.