In the figure above, the United States ________ helicopters per year
A) exports 480
B) exports 720
C) imports 480
D) imports 240
A
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Which of the following produces a movement along the aggregate demand curve and does not shift the aggregate demand curve?
A) a change in government expenditures on goods and services B) a change in monetary policy C) a change in the price level D) a change in foreign incomes E) a change in expectations about the future
Refer to Table 2.3. Nominal GDP in 2010 is
A) $540.00. B) $568.00. C) $671.00. D) $812.00.
A difference between moral hazard and adverse selection is that
a. moral hazard deals with pre-contractually determined public information b. moral hazard deals with post-contractually determined private information c. adverse selection deals with pre-contractually determined private information d. adverse selection deals with post-contractually determined public information
When a producer's demand curve is a horizontal straight line, we know that
a. market demand is horizontal as well b. there is considerable brand loyalty for the producer's good c. the producer is a monopolist d. the producer has significant market share e. the producer is in a perfectly competitive industry