A trade surplus occurs when
A) the value of imports is greater than the value of exports.
B) government spending is less than total tax revenue.
C) consumption is greater than disposable income.
D) none of the above.
D
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The supply of real GDP is a function of
A) the total expenditures of consumers, investors and government. B) the sum of wages, salaries, corporate profits, rents and interest. C) only the state of technology. D) the quantities of labor, capital and the state of technology.
Tim Tupper contracts with two other students to help him provide a term paper-typing service. In the last two weeks of the semester, he sees a tremendous increase in demand. His profit-maximizing response would be represented by
a. a rightward shift of the supply curve because it is possible to earn economic profits b. a rightward shift of the supply curve because the increase in demand is probably only temporary c. a reduction in supply to take full advantage of the increase in demand d. a movement up to the right along the supply curve because the increase in demand is probably only temporary e. an upward movement in horizontal demand curve he faces because now he can charge a lower price
An increase in the price of wheat will lead to
A) an upward movement along the demand curve for wheat. B) a leftward shift in the demand curve for wheat. C) a rightward shift in the supply curve for wheat. D) an increase in the quantity of wheat consumed.
There is a practice in the stock market known as "short selling" whereby an individual will borrow stock from someone, turn around and sell it and then buy it back when it's price has fallen in order to return the stock back to the lender
What expectation does this short seller have about the price of this company's stock? How can he expect to make money at this practice? What could go wrong that might cost him money?