Cohesion funds are used to make EU countries more culturally similar
Indicate whether the statement is true or false
FALSE
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Use the following table to answer the question below. Jake's Production Possibilities ScheduleJane's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn01600801012020602080404030406020400800Without trade Jake consumes 20 pounds of green beans and 80 pounds of corn, and Jane consumes 40 pounds of green beans and 40 pounds of corn. If the terms of trade are 1 pound of green beans for 3 pounds of corn, and Jake sells Jane 72 pounds of corn, then the gains from trade for Jane are ________ pounds of green beans and ________ pounds of corn with trade and specialization.
A. 32, 16 B. 8, 4 C. 16, 32 D. 4, 8
Speculative demand for money is a(n):
a. positive function of prices. b. inverse function of prices. c. positive function of interest rates. d. inverse function of interest rates. e. function of unexpected needs.
If the income tax system were indexed, a person whose nominal income went up from $30,000 to $33,000 in a year when the price index rose by 10 percent would pay
a. no increases in nominal income taxes. b. no increases in real income taxes. c. lower taxes in both real and nominal terms. d. higher taxes in both real and nominal terms.
For the U.S. economy, which of the following is the most important reason for the downward slope of the aggregate-demand curve?
a. the wealth effect b. the interest-rate effect c. the exchange-rate effect d. the real-wage effect