- Study guides, Class notes & Summaries

1 The Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will: • decrease the net imports of the domestic country by $5,000. • decrease the consumption expenditure in the domestic country by $5,000. • reduce the net exports of the domestic country by $5,000. • increase the gross domestic product of the domestic country by $5,000. 2 The table given below shows the total amount of spending ...

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14 pages

Written in 2021/2022

Grade A+

Lima222

1. Martha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Martha’s opportunity cost of lending the money is _____. • $2 • $204 • $200 • $4 2 The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LR...

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16 pages

Written in 2021/2022

Grade A+

Lima222

1. the largest source of household income is in the U.S. is obtained a. stock dividends b. wages and salaries c. interest earnings d. rental income 2.the market where business sell goods and services to households and the government is called a. goods market b. factor market c. capital market d. money market

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4 items

Lima222

ECO 372 / Eco372 Week4 practice quiz.

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27 pages

Written in 2021/2022

Grade A+

Lima222

1. the largest source of household income is in the U.S. is obtained a. stock dividends b. wages and salaries c. interest earnings d. rental income market where business sell goods and services to households and the government is called a. goods market b. factor market c. capital market d. money market gross domestic product is best defined as a. the market value of intermediate goods and services produced in an economy including exports b. all goods and services produced in a...

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7 pages

Written in 2021/2022

Grade A+

Lima222