According to the graph shown, if this economy were open to free trade, how many units would be exported?
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. 35
B. 85
C. 120
D. 75
D. 75
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Suppose you find $1000 in your attic and decide to deposit it all into your local bank, which must hold 20% as required reserves. The deposit expansion multiplier suggests that this $1,000 "injection" of new money will, in reality, most likely
A) increase the money supply by more than $1,000. B) increase the money supply by less than $1,000. C) increase the money supply by exactly $1,000. D) increase the money supply by exactly $5,000.
Global warming of the past century, and especially in the past decade, is at least partly a consequence of human activities that have increased ____ in the atmosphere
a. smog b. PCBs c. ozone d. "greenhouse gases"
Deficit spending will not cause much inflation if the economy is operating near full employment
a. True b. False Indicate whether the statement is true or false
An extremely poor growing season in Idaho (a major potato-producing state) will be expected to cause
A. a decrease in the demand for potatoes. B. a decrease in the price of potatoes. C. an increase in the supply of potatoes. D. an increase in the price of potatoes.