If the U.S. economy is experiencing falling price levels, the
A. expenditure schedule will shift downward.
B. expenditure schedule will shift upward.
C. slope of the expenditure schedule increases.
D. slope of the expenditure schedule decreases.
Answer: B
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Wayne's Jacket Shop sells Wayne's jackets for $20 each. Wayne finds that his total revenues change according to the number of workers he hires, as shown in the table below.WorkersTotal Revenue1$1,00021,40032,00041,6005800What is the marginal revenue product of the fifth worker?
A. $400 B. -$800 C. $160 D. $2
If a country produces only two goods, then it is not possible to have a comparative advantage in the production of both those goods
Indicate whether the statement is true or false
Paying money in order to guarantee a certain level of compensation should an adverse event occur is
A. risk aversion. B. risk smoothing. C. risk pooling. D. risk rating.
Financial account transactions occur
A. when an U.S. citizen purchases stock in an U.S. corporation. B. because of cross-border flows of financial assets. C. when you move money from one U.S. bank to another U.S. bank. D. when an U.S. company purchases goods from a foreign company.