Which of the following is NOT a form of outsourcing?
A) hiring an accountant to do your taxes
B) replacing the windshield wipers on your car
C) paying your son to mow the lawn
D) taking a taxi to the airport
B
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Everything else held constant, which of the following does NOT cause aggregate demand to increase?
A) an increase in net exports B) an increase in government spending C) an increase in taxes D) an increase in consumer optimism
Which of the following conditions would definitely cause a perfectly competitive company to shut down in the short run?
A) P < MC B) P = MC < AC C) P < AVC D) P = MR
Refer to the above table. The price of Y decreases from $18 to $15. What is the cross price elasticity of demand between Y and X?
A) -0.73 B) -1.0 C) +1.38 D) +1.83
Federal Reserve governors are given long terms to insulate them from politics
a. True b. False Indicate whether the statement is true or false