Which of the following will NOT shift the supply curve for pick-up trucks?
A) a technological advance
B) an increase in the price of a resource used to produce pick-up trucks
C) a change in the number of firms supplying pick-up trucks
D) a change in the price of pick-up trucks
D
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If the economy is characterized by a stable IS curve and an unstable LM curve, then ________ target produces ________ fluctuations in aggregate output
A) an interest rate; larger B) a money supply; smaller C) a money supply; larger D) an exchange rate; smaller
The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) always equals:
a. 1. b. 0. c. the interest rate. d. the marginal propensity to invest (MPI).
The additional benefit received as a result of undertaking an action is: a. the opportunity cost. b. the marginal cost
c. the marginal benefit. d. the total benefit.
One concern about globalization is that while it may be benefiting ____________ workers in the United States, it may also impose costs on ____________ workers.
a. low-skilled, low-wage; high-skilled, high-wage b. high-skilled, high-wage; low-skilled, low-wage c. low-skilled, low-wage; semi-skilled, medium-wage d. semi-skilled, medium-wage; high-skilled, high-wage