Ceteris paribus, based on the circular flow model, a spending injection results in:
A. A decrease in total income for consumers.
B. An increase in total income for consumers.
C. An increase in the MPS.
D. A decrease in the MPS.
B. An increase in total income for consumers.
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In the above figure, point B represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) a decrease in aggregate demand.
The average level of effective protection has exceeded 300% for which of the following countries?
(a) Pakistan and Uruguay. (b) Argentina and Brazil. (c) Philippines and Mexico. (d) India and China.
Assume you have four tickets to a U2 concert. You decide to sell each of them separately on an auction site such as eBay. Your auctions represent
A) price differentiation. B) perfect price discrimination amongst those who bid for your tickets. C) perfect price discrimination amongst all people who buy tickets for the concert. D) an illegal act, subject to state and federal prosecution.
The "Cross of Gold" speech was:
A. in favor of the gold standard and was given in 1896. B. against the gold standard and was given in 1896. C. in favor of the gold standard and was given in 2008. D. against the gold standard and was given in 2008.