Refer to the table above. If the market price of wine is $4/bottle, and the market demand for wine is 65 bottles, Sandra's demand for wine is:
A) 18 bottles.
B) 40 bottles.
C) 47 bottles.
D) 111 bottles.
A
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Which of the following is the best example of a tariff? a. a tax placed on all small cars sold in the domestic market
b. a limit imposed on the number of small cars that can be imported from a foreign country. c. a subsidy from the U.S. government to domestic manufacturers of small cars so they can compete more effectively with foreign producers of small cars. d. a $100-per-car fee imposed on all small cars imported.
According to Keynes, which of the following will cause a change in the consumption component of aggregate demand?
a. Change in foreign demand b. Change in government spending c. Change in desire to save more or less d. Change in relative price increase of U.S. goods
National saving is done by:
A. only businesses. B. only households. C. households, businesses, and governments. D. only governments.
Refer to the information provided in Table 23.9 below to answer the question(s) that follow. Table 23.9
Refer to Table 23.9. Which of the following statements is false?
A. At an output level of $200 billion, there is a $60 billion unplanned inventory decrease. B. At output levels greater than $400 billion, there is a positive unplanned inventory change. C. If aggregate output equals $500 billion, then aggregate saving equals $0. D. The MPC for this economy is 0.8.