A depreciation of the U.S. dollar makes American goods cheaper relative to foreign goods, resulting in a ________ in net exports in the U.S. and a ________ shift of the IS curve in the U.S., everything else held constant
A) fall; leftward
B) rise; leftward
C) fall; rightward
D) rise; rightward
D
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The income-expenditure identity is best paraphrased as
A) all spending generates income. B) all profits are used for investment spending. C) on average, consumers cannot save. D) on average, government can spend no more than what it collects in income taxes.
Which of the following is NOT an advantage of a proprietorship?
A) They are easy to form and dissolve. B) Decision-making resides with one person—the owner. C) Liability of the owner is unlimited. D) Profits are only taxed once.
Why must caution be employed in comparing stock indexes across countries?
What will be an ideal response?
In well functioning markets, the degree of product variety reflects which of the following?
A. cost diseconomies from standardization B. gains from coordination C. gains from network externalities D. similar preferences in consumers' tastes