When the price level is low and the demand for domestic goods increases, how does it affect international trade?
A. Net exports will decrease.
B. Net exports will increase.
C. Prices of all international goods will decrease.
D. Prices of all international goods will increase.
Answer: B
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A housecleaning company receives $25 for each house cleaned. The table below gives the relation between the number of workers and the number of houses that can be cleaned per week. Based on the above info, the marginal revenue from the fourth worker is
A. $ 30. B. $6. C. $750 D. $150. E. none of the above
The purpose of limited capital account convertibility is to:
A. limit trade in certain types of assets. B. eliminate trade in assets. C. limit trade in certain types of goods and services. D. eliminate trade in goods and services.
Planned aggregate expenditure is equal to
What will be an ideal response?
Inheritance accounts for about
A. 10 percent of income inequality. B. 15 percent of income inequality. C. 5 percent of income inequality. D. 30 percent of income inequality.