What would be the impact of an increase in foreign income on the net export function?
a. The net export function would shift upward.
b. The net export function would shift downward.
c. The slope of the net export function would increase.
d. The slope of the net export function would decrease.
e. There would be a movement up along the net export function.
b
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Economic decline (negative growth) is represented on a production possibilities frontier model by the production possibility frontier
A) shifting inward. B) becoming flatter. C) shifting outward. D) becoming steeper.
When economic losses are present in a market, firms will tend to
a. exit from the market. b. raise their prices until the break-even point is reached. c. lower their prices, regardless of cost, so they can capture more of the market. d. increase output.
Assets are things of value that people own. Liabilities are debts. Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a liability.
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability B. Agree. checking accounts or something of value that is in the bank. Therefore, they are a bank asset C. Disagree. Both checking accounts and car loans represent bank liabilities
The cigarette industry in the United States would be an example of a:
A. differentiated oligopoly. B. noncollusive oligopoly. C. homogeneous oligopoly. D. duopoly.