Which of the following countries receives the largest share of U.S. exports?
a. Mexico
b. Germany
c. Japan
d. Canada
e. United Kingdom
d
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Rent ceilings set below the equilibrium rent i. create a deadweight loss. ii. increase search activity. iii. result in a surplus of apartments
A) i only B) ii only C) i and iii D) i and ii E) i, ii, and iii
The Fed seeks to promote stability of financial markets because
A) resources are lost when there is not an efficient matching of savers and borrowers. B) they want to lift the self-esteem of workers. C) unstable markets result in increased efficiency. D) Congress directed them to do so by the Employment Act of 1946.
If the price of calculators increases by 15% and the quantity demanded per week falls by 45% as a result, then the price elasticity of demand is 3
a. True b. False Indicate whether the statement is true or false
Economists measure the price level
A. by keeping track of nominal GDP. B. using a price index. C. by measuring the growth rate in money supply. D. by measuring the growth rate in real GDP.