If Gerry saves $500 per month, then Gerry's ________ will increase by ________.
A. income; $500 only if he buys additional assets
B. wealth; $500 only if he has no debt
C. wealth; $500 only if he buys additional assets
D. wealth; $500
Answer: D
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Refer to the scenario above. Which country has the highest income per capita in PPP dollars?
A) Country 1 B) Country 2 C) Country 3 D) Country 4
It is believed that in order to promote growth, a top priority of the World Bank and the International Monetary Fund is to
A) focus on basic market foundations of guaranteeing property and contract rights. B) promote the increase of dead capital. C) make more loans. D) join forces and merge into one unit.
If an economy is operating at short-run equilibrium below the level of real GDP, the self-correction model result is that: a. unemployment increases
b. unemployment falls. c. cyclical unemployment increases. d. frictional and structural unemployment increase.
Answer the following statement(s) true (T) or false (F)
1. An individual supply curve is a graphical representation of the quantity of goods and services that all the individual producers are willing and able to supply at various prices. 2. A shift in the entire supply curve is called a change in quantity supplied. 3. The supply of a good increases if the price of one of its substitutes in production falls. 4. If producers expect a higher price in the future, they will supply less now than they otherwise would have.