An increase in the interest rate should
A) increase investment spending.
B) decrease consumption spending.
C) increase government spending.
D) increase net exports.
Answer: B
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A French citizen lives in Detroit, but works in Windsor, Canada; his income is counted in U.S. GDP
Indicate whether the statement is true or false
An increase in the marginal factor cost of labor will
A) lead to an increase in the quantity demanded of labor. B) induce a firm to hire fewer workers. C) lead to an increase in the value of an additional worker. D) cause the value of the marginal product of labor to increase.
Game theory is:
A. the study of how people behave strategically under different circumstances. B. used to predict the winners of only certain types of strategic games. C. used to evaluate the microeconomic choices that involve probabilities of different outcomes. D. the study of games of chance like solitaire or betting on horse races.
Stan Laurel and Oliver Hardy acted separately in comedy shorts for the Hal Roach Studio for over a decade without greatly distinguishing themselves from hundreds of other screen comedians. Then in 1927, Roach writer-director Leo McCarey tried them out as a comedy team in one more routine short. Only then was the fantastic chemistry between "the fiddle and the bow" realized. The rest is
immortality. This story relates to the "new growth theory" idea of A) employee involvement. B) rearranging. C) exogeneity. D) objects and ideas.