When the average physical product is falling
A. average fixed costs are rising.
B. average variable costs are falling.
C. total costs are falling.
D. average variable costs are rising.
Answer: D
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During the demographic transition the population growth rate
a. slows down b. rises c. rises and then slows down d. increases in spurts followed by long periods of stagnancy e. none of the above
Consumer equilibrium occurs where the budget line is tangent to the:
a. lowest possible indifference curve. b. highest possible indifference curve. c. utility maximizing indifference curve. d. utility equalization indifference curve.
A decrease in the U.S. price level, other things constant, will _____
a. stimulate U.S. exports, pushing the aggregate demand curve to the right b. stimulate U.S. imports, pushing the aggregate demand curve to the right c. stimulate U.S. exports but discourage imports, causing a downward movement along a given aggregate demand curve d. discourage U.S. exports but stimulate imports, causing an upward movement along a given aggregate demand curve e. not affect U.S. net exports, so the aggregate quantity demanded will remain constant
When the money market is drawn with the value of money on the vertical axis, as the price level decreases the quantity of money
a. demanded increases. b. demanded decreases. c. supplied increases. d. supplied decreases.