The above figure shows Katie's consumption possibilities. The relative price of a restaurant meal is
A) 1 movie ticket.
B) 0.25 movie tickets.
C) 4 movie tickets.
D) 2 movie tickets.
C
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Many of India's most talented people move to countries where doing business is easier than in India
Talented people leaving their own countries for countries where doing business is easier or where their job skills are in greater demand is known as A) fight-or-flight. B) export exodus. C) brain drain. D) in-migration.
Tallulah is a German citizen who works for Volkswagen located in Fresno, California. Tallulah's work contributes to:
A. German GDP, but not U.S. GDP. B. U.S. GNP, but not U.S. GDP. C. U.S. GDP, but not U.S. GNP. D. German GDP and U.S. GNP.
Suppose the price of tomatoes dramatically increases. Which of the following could cause this change?
A. A news report stating that a pesticide used on tomatoes might cause cancer, shifting the demand to the right B. Hurricanes during the late summer damage the Florida crop, shifting supply left C. Advertising for ketchup increases demand for ketchup, shifting the demand curve to the left D. A reduction in tariffs of tomatoes from Central American, shifting supply right
If the government spends less than what it receives in taxes during a given interval, then the result is
A. a government budget surplus. B. a balanced budget. C. an entitlement. D. unrealized public debt.