All other things remaining the same, a large increase in the net number of Mexican immigrant workers in the United States from Mexico causes:
a. U.S. GNP to be greater than the U.S. GDP.
b. U.S. GNP to be less than the U.S. GDP.
c. U.S. gross private domestic investment to rise.
d. U.S. GNP to be greater than the U.S. GDP because U.S. gross private domestic investment rises
.B
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The investment function implies that current output does not influence investment. Does that make sense?
What will be an ideal response?
In the analysis of the interest rate effect, when the price level changes, the quantity of money households and firms' want to hold changes in the ______ direction as interest rates, while investment changes in the _____ as the quantity RGDP demanded
a. Same, same b. Same, opposite c. Opposite, same d. opposite, opposite
To obtain the market price of a good from its factor cost one must:
(a) Add indirect taxes and subtract subsidies. (b) Subtract indirect taxes and add subsidies. (c) Subtract both indirect taxes and subsidies. (d) Correctly cost all of the inputs used minus subsidies.
If the demand curve for agricultural products is inelastic and farmers as a group become more productive, then prices of agricultural goods will __________ and total revenue earned by farmers will __________
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease E) We cannot answer this question without knowing how inelastic the demand curve is.