Wealth in the hands of Americans has been
a. rising because of the trade deficit
b. rising in spite of the trade deficit
c. falling because of the trade deficit
d. falling in spite of the trade deficit
e. falling in the last twenty years
B
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Sarah and Claire are sisters. Their aunt gave 10 cookies to Sarah and asked her to share some with Claire. She could choose how many she would give her, but if Claire was not happy with her share, her aunt would take back all the cookies
a) How should Sarah decide how many cookies to give Claire if Claire prefers more cookies to fewer cookies? b) Will there be any change in her decision if she knows that Claire values fairness?
According to the above figure, when the monopolist maximizes profits, its profits are equal to the area given by
A) AKMC. B) AKOD. C) BLPE. D) EPRF.
Increases in the marginal propensity to consume (MPC), other things constant, _____
a. increase the value of the multiplier b. decrease the value of the multiplier c. increase the marginal propensity to save d. shift the aggregate expenditure curve downward e. cause a downward movement along the aggregate expenditure curve
If an economy is producing at full employment, it means that:
a. there are idle resources in this economy. b. the production is not efficient. c. the economy is producing along its production possibilities curve. d. the economy is producing at a point that is to the left of the production possibilities curve. e. the economy is producing at a point that is to the right of the production possibilities curve.