Changes in the consumer price index are useful in predicting changes in the producer price index

The water and diamonds paradox of value results from

A) the concept of deadweight loss. B) the "law of demand." C) diminishing marginal utility. D) the elasticity of demand.

Which of the following would decrease net exports in the United States?

A) A Mexican citizen purchases 100 shares of stock in IBM. B) The U.S. government donates $25 million to Mexico to help victims of a hurricane in Mexico. C) An American party planner purchases 350 piñatas from Mexico. D) The government of Mexico purchases 2,000 Dell laptop computers from the United States.