With the proposed TPP tariff changes on imported shoes, New Balance would be ________ by the change in prices on some of the imported shoes sold by other companies that compete with
New Balance's U.S.-produced shoes, and New Balance would be ________ because of the price it could now charge for the shoes it imports from TPP countries.
A) hurt; hurt B) helped; helped C) hurt; helped D) helped; hurt
C
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If disposable income increases by $100 million, and consumption increases by $90 million, then the marginal propensity to consume is
If disposable income increases by $100 million, and consumption increases by $90 million, then the marginal propensity to consume is a. 0.9. b. 0.8. c. 0.75. d. 0.6.
Which term is used to describe equilibrium at a level of output above potential GDP?
a. Recessionary gap b. Inflationary gap c. Deflationary gap d. Keynesian gap
Productivity is
A. Output per unit of input. B. The inverse of cost efficiency. C. The increment of output produced when one more unit of an input is employed in the production process. D. The same as marginal revenue.
If the Price Elasticity of Demand is unit elastic, then a fall in price:
a) Reduces revenue. b) Leaves revenue unchanged. c) Increases revenue. d) Reduces costs.