On the "demand side" of a market, consumers indicate what they are willing to buy, in what quantity and at what price.
Answer the following statement true (T) or false (F)
True
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Mikey likes bagels, so he buys an old pizza shop for $150,000 and spends $10,000 installing new equipment which will allow him to make bagels instead of pizza. How will Mikey's recent purchases affect GDP?
A. Investment will increase $160,000. B. Investment will increase $150,000, and consumption will increase $10,000. C. Consumption will increase $150,000, and investment will increase $10,000. D. Investment will increase $10,000.
Which of the following restricts the volume of international trade?
a. stable prices b. tariffs c. the law of comparative advantage d. a stable international monetary system.
In the basket of goods that is used to compute the consumer price index, which of the following categories of consumer spending is the smallest?
a. food & beverages b. recreation c. housing d. apparel
In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used. B. technical advice but does not provide them with loans. C. loans, but only if the government adopts certain policies specified by the IMF in return. D. neither loans nor technical advice.