Compared to the magnitude of the multiplier in an economy without imports, the multiplier in an identical economy with imports is
A) larger only if exports exceed imports.
B) smaller only if imports exceed exports.
C) always larger.
D) exactly the same.
E) always smaller.
E
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When the price level falls, the ________ curve for nominal money ________, and interest rates ________, everything else held constant
A) demand; decreases; fall B) demand; increases; rise C) supply; increases; rise D) supply; decreases; fall
The system of resource allocation in the United States is a
a. pure market system b. market system with elements of tradition and command c. market system with elements of tradition, but not command d. traditional system with elements of market, but not command e. pure tradition system
Which statement is true?
A. The National Football League, Major League Baseball, and the National Basketball Association are all monopsonies. B. Professional baseball, basketball, and football all used to be monopsonies, but ceased to be with the emergence of free agent bargaining. C. Professional sports are not now, nor ever were monopsonies. D. None of these statements are true.
There are apartments in Chicago whose rooftops overlook Wrigley Field. On game day you can find free riders on the roof enjoying ____.
A. free property rights B. an externality C. a public good D. excess utility