In the United States in 2014, the health care industry was the largest employer in ________ states
A) 7
B) 27
C) 34
D) 48
C
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If investment spending increases by $1 million, then the aggregate demand curve shifts
A) rightward by less than $1 million. B) leftward by more than $1 million. C) rightward by more than $1 million. D) rightward by $1 million. E) leftward by less than $1 million.
Refer to the figure above. If the relative price of S were to increase, then the price line would
A) shift out in a parallel fashion. B) shift in in a parallel fashion. C) become steeper. D) become flatter.
Demand tends to be ________ in the short run than in the long run.
A. less important B. more elastic C. more variable D. less elastic
Suppose $1=10.5 pesos in new York and $1=9.6 pesos in mexico city. If you had $10,000 using arbitrage, your profits would be
A) $(10,000*10.5/9.6)-$10,000= $937.50 B) $[10,000*(10.5 -9.6)] = $9000 C) [10,000*(10.5 -9.6)] pesos = 9000 pesos D) $(10,000*9.6/10.5) = $9,142.8613.