New technology for producing plywood is developed. Which of the figures above best illustrates this change?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) Figure A and Figure D
D
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Refer to the scenario above. If the population of the economy is 200, the per capita national income is:
A) $17. B) $50. C) $10. D) $35.
Which of the following would contribute to a positive trade balance for a country?
A) having tourists visit the country B) importing textiles C) having foreign residents buy the government bonds of the country D) importing financial services
A preference for either taxes or permits to regulate pollution is dependent on the relative shape of what two curves?
a. Total cost of damage curve and total cost of pollution reduction curve b. Marginal revenue of pollution control curve and marginal cost of damage curve c. Marginal cost of pollution reduction curve and marginal cost of damage curve d. Marginal benefit of pollution curve and marginal revenue of pollution curve e. Marginal utility of pollution curve and marginal cost of regulation
Spending on imports should get ________ GDP, and spending on exports should be ________.
A. subtracted from; included B. included in; subtracted C. included in; included as well D. subtracted from; subtracted as well