If young business professionals in America suddenly decide that driving German-made cars is an important status symbol, net exports will tend to ________ causing aggregate demand to ________, everything else held constant
A) fall; fall
B) fall; rise
C) rise; fall
D) rise; rise
A
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The above figure shows the marginal benefit to a firm of polluting in the local river while producing its output, and the marginal cost to the firm's neighbor. The marginal cost of production is zero for the firm
If there is just one neighbor who owns the river, how much pollution is likely to occur? A) 0 units B) 500 units C) 1000 units D) more than 1000 units.
Which of the following countries has the greatest degree of measured income inequality?
a. Canada b. France c. United States d. Japan
This graph shows what causes
A. cost-push inflation.
B. demand-pull inflation.
C. neither cost-push nor demand-pull inflation.
Which of the following transactions represents a credit on the financial account of the U.S. balance of payments?
A. Oil is imported from Venezuela B. United States firms pay dividends to foreigners C. United States citizens purchase foreign securities D. A Canadian firm increases its direct investment in its U.S. branch