Nodes are:
A. different points in geographic or economic space linked by a network.
B. examples of negative network externalities.
C. examples of positive network externalities.
D. None of the statements are correct.
Answer: A
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The inflation rate between last year and this year was 14 percent. The CPI was 118 this year. What was the CPI last year?
A) 104.0 B) 103.5 C) 104.5 D) 105.0 E) 103.0
The Services sector has been steadily rising in relative importance in GDP of the United States, as well as elsewhere around the world. Since "services" have been identified as "non-tradable"
(e.g., it is difficult to export haircuts), it may be argued that this trend will likely slow the rapid growth in international trade. Discuss.
If the government cuts taxes ________
A) disposable income falls B) planned expenditures rise C) the IS curve shifts to the left D) all of the above E) none of the above
If a Balanced Budget Amendment to the U.S. Constitution were passed, during economic prosperity, such an amendment would
A. have no impact on the economy. B. dampen those good times. C. cause those good times to be even better. D. throw the economy into a depression.