Which of the following examples, ceteris paribus, would lead to a change in consumption that would shift that nation’s aggregate demand curve?
a. Youths in Canada increase their student loan debt.
b. The Italian government purchases a dozen U.S.-made satellites.
c. The U.S. government lowers taxes on businesses.
d. Farmers in Ecuador increase their production of plantains.
a. Youths in Canada increase their student loan debt.
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The role that dead capital plays in a country's economic growth is that
A) growth increases since the firms using the dead capital are using it for free. B) growth increases because the dead capital is replaced with more technologically efficient capital. C) growth neither increases nor is impaired by dead capital. D) growth is impaired since the capital cannot be allocated to its most efficient use.
Firms disclose financial statements in ________ and in ________
A) weekly filings with the SEC; monthly reports to the Fed B) monthly reports to shareholders; 5-year balance statements to the board of directors C) periodic filings to the federal government; annual reports to shareholders D) daily filings to the federal government; daily reports to shareholders
With a fixed exchange rate, an increase in the domestic price level will, for a constant foreign price level,
a. increase exports and decrease imports. b. make foreign goods relatively more expensive to U.S. citizens but U.S. exports will be relatively cheaper to foreigner buyers. c. increase both exports and imports. d. make foreign goods relatively cheaper to U.S. citizens but U.S. exports will be more expensive to foreign purchasers.
Suppose Chip's Chips produces bags of potato chips that sell for $3 a bag. If they sold 12,000 bags and incurred total costs of $30,000, what was the company's profit?
A. $6,000 B. $42,000 C. $36,000 D. $18,000