French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be ________.
A. supplying euros and demanding dollars in the foreign exchange market
B. demanding dollars and also demanding euros in the foreign exchange market
C. supplying dollars and also supplying euros in the foreign exchange market
D. supplying dollars and demanding euros in the foreign exchange market
Answer: A
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According to this Application, in the year 2075, the portion of GDP devoted to spending on Social Security, Medicare and Medicaid is expected to be
A) significantly less than the share of GDP devoted to these programs today. B) roughly equal to the total amount of GDP today. C) greater than the consumption spending component's share of GDP in 2075. D) larger than total federal spending's share of GDP today.
Think cross elasticity. Suppose that the price of cod increases from $10 to $12 . If perch and cod belong to the same market and consumers had demanded 20 perch before the increase in the price of cod, they will now demand
a. 34 perch b. 8 perch c. 24 perch d. no more than 28 perch e. at least 32 perch
An example of a good that is nonrival in consumption is:
A. a music CD. B. a radio broadcast of a song. C. a ticket to a concert. D. a guitar.
All of the following are included in the calculation of gross domestic income (GDI) EXCEPT
A. wages. B. indirect business taxes. C. profits. D. consumer expenditures.