When we export goods to foreign countries, we
A) receive payments from the rest of the world.
B) make payments to the rest of the world.
C) increase our inflation rate.
D) decrease our inflation rate.
A
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An individual with a diversified stock portfolio consists of
A. stocks of firms listed on the New York Stock Exchange. B. financial assets purchased from several different stock brokers. C. financial assets comprised of different types of firms and locations. D. corporate bonds with varying maturity dates.
According to the circular flow model, expenditures by one person translate:
A. directly into income for someone else. B. indirectly into the value of that person's time. C. directly into his or her income. D. indirectly into the household's budget.
P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below.
Given the information in this decision tree, if QRS-TV announces that it will air a sitcom, it can expect to:
A. earn $20 million. B. earn $5 million. C. lose $5 million. D. earn $10 million.
Supply-side economists argue that changes in tax rates cause changes in
A. tax revenues. B. labor supply. C. the full-employment level of output. D. all of these.