If external benefits are taken into account in the market
A) the demand curve would shift to the left.
B) the supply curve would shift to the left.
C) the demand curve would shift to the right.
D) the supply curve would become vertical.
Answer: C
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When personal savings rates are ________, it takes ________ change in government purchases to have a given amount of impact of real GDP.
A. higher; more B. unstable; less C. unstable; more D. higher; less
One of the main determinants of real GDP per person is the growth of capital per person. Which of the following variables does NOT determine the growth of capital per person in the long run?
A) average saving rate B) output-to-capital ratio C) marginal tax rate on investment D) depreciation rate
A major challenge faced by Western Union in transferring money between the United States and Mexico is that Mexican citizens trust the banks but do not trust Western Union due to its reliance on global banks.
a. true b. false
Answer the following questions true (T) or false (F)
1. Black markets only exist in developing nations. 2. Rent control is an example of a price ceiling. 3. Price ceilings are illegal in the United States.