All other things unchanged, a recession in Japan
A. increases U.S. net exports and shifts the U.S. aggregate demand curve to the right.
B. decreases U.S. net exports and shifts the U.S. aggregate demand curve to the right.
C. increases U.S. net exports and shifts the U.S. aggregate demand curve to the left.
D. decreases U.S. net exports and shifts the U.S. aggregate demand curve to the left.
Ans: D. decreases U.S. net exports and shifts the U.S. aggregate demand curve to the left.
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Refer to Figure 4.6, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, what is the market quantity supplied at a price of $20?
A) 0 B) 100 C) 150 D) 200
If the value of the marginal product of physical capital is $10 and the marginal product of physical capital is 5 units, the price of the finished good that the capital is used to produce is:
A) $1. B) $2. C) $5. D) $10.