Which of the following is NOT a scarce resource?

A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees?

A. The consumption functions will shift upward. B. Most employees will move upward along their consumption functions C. The consumption functions will shift downward D. Most employees will move downward along their consumption functions

Refer to the table above. If exports increase by $4,000 in the next year, ________, all other variables remaining unchanged

A) trade surplus will increase by $2,000 B) trade deficit will increase by $2,000 C) gross domestic product will increase by $4,000 D) gross domestic product will decrease by $4,000