It is possible to analyze education decisions in a manner similar to the decision to acquire more
a. capital.
b. leisure.
c. work.
d. goods and services.
a
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If gold miners expect the price of gold to be 100% higher one year from now, they will probably
A) decrease the supply of gold they bring to market now. B) increase the supply of gold they bring to market now. C) increase the quantity supplied of gold, but supply will remain unchanged. D) do none of the above.
An appreciation of the dollar makes imported inputs cheaper and shifts the U.S. aggregate supply curve outward, thus pushing American prices down.
Answer the following statement true (T) or false (F)
If autonomous consumption rises by $70 and, as a result, Real GDP rises by $350, then the marginal propensity to consume is
A. 0.20. B. 0.80. C. 0.25. D. 0.75. E. none of the above
Economic freedom is
A. the right to vote in an election for a political leader. B. the amount of control that the government has in a market. C. present as long as private individuals own businesses. D. the right to own private property and to exchange goods with minimal government interference.