Injections to the economy include consumption, investment, and government spending
a. True
b. False
Indicate whether the statement is true or false
False
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The majority of Americans at the end of the colonial period were of
(a) French origin. (b) British origin. (c) German origin. (d) Dutch origin.
A simultaneous increase in inflation and decrease in economic growth in a country can be associated with:
a. a decrease in aggregate demand with no change in aggregate supply. b. an increase in aggregate demand and aggregate supply. c. an increase in aggregate supply with no change in aggregate demand. d. a decrease in aggregate supply and aggregate demand. e. a decrease in aggregate supply with no change in aggregate demand.
The Second Fundamental Theorem of Welfare Economics requires
A. that indifference curves be convex to the origin. B. that isoquants be concave to the origin. C. that there are no set prices for Pareto efficient allocations. D. that production be twice as large as consumption. E. all of these answer options are correct.
The figure below shows a single consumer's demand for ice cream at the student union. If there are 1,000 students on campus during a regular semester, and each student's weekly demand for ice cream is shown above, then when the student union charges $3.00 per scoop, those 1,000 students purchase a total of ________ scoops per week.
A. 1,000 B. 400 C. 4,000 D. 2,000