A situation in which output decreases while prices increase is often referred to as:
A. inflation.
B. negative economic growth.
C. a recession.
D. stagflation.
Answer: D
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When a nation exports a good or service in which it has a comparative advantage, production of the good or service
A) decreases. B) stays the same. C) increases. D) might change, but more information about what the country imports is needed to determine if production increases, decreases, or does not change. E) might change, but more information about what else the country exports is needed to determine if production increases, decreases, or does not change.
What is the difference between the optimizing strategies used in an English auction and a Dutch auction?
What will be an ideal response?
The CPI is used
a. to estimate from estimated to actual values b. to translate from real to nominal values c. to translate from nominal to real values d. as a policy target e. c and d
If the dollar used to buy 360 yen and now buys 100 yen, there has been
A) a decrease in the demand for yen. B) depreciation of the yen. C) depreciation of the dollar. D) appreciation of the dollar.