If a manufacturer sells goods abroad for less than they sell for at home, which of the following is true?
a. An embargo has been established.
b. A quota has been established.
c. The manufacturer is engaged in dumping.
d. There has been an improvement in the terms of trade.
e. Tariffs have been reduced.
C
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If Matt's disposable income increases from $4,000 to $4,500 and his level of saving increases from $200 to $325, it may be concluded that his marginal propensity to:
A. save is 0.30. B. consume is 0.80. C. consume is 0.75. D. save is 0.60.
Monetizing the budget deficit
A) creates a full-employment deficit that exceeds the actual deficit. B) occurs when the Treasury sells bonds to businesses. C) helps stabilize the economy. D) leads to increases in the money supply.
When a good gets better from one year to the next, the CPI has a what is called
A) commodity substitution bias. B) outlet substitution bias. C) magnitude of change bias. D) new goods bias. E) quality change bias.
If the BLS counted persons that are on active military service in the totals for employment, the labor force, or the working-age population, this would
A) decrease the number of persons in the working-age population. B) decrease the measured unemployment rate. C) decrease the number of persons in the labor force. D) decrease the measured labor force participation rate.