please zoom in to see Question 27Which of the following statements is TRUE?In a market economy, decisions are based on central governmentIn a command economy, decisions are based on customsIn a command economy, decisions are based on the forces of supply and demandIn a market economy, decisions are based on the forces of supply and demandQuestion 28A worker who loses a job as a cashier at a store because consumers and business firms switch to shopping at Amazon is an example ofO Frictional unemploymentO Structural unemploymentO Cyclical unemploymentO Disguised unemploymentQuestion 29Which of the following is FALSE regarding US trade?The rise in price level in the US reduces US net exportsIf the dollar depreciated relative to the Euro, US goods will be cheaper for people in EuropeO Higher retaliatory tariffs, by China, on the importation of goods from the U.S. will discourage Chinese consumption of our exports and that will hurt employment in the USWhen the dollar appreciates in value in the international currency market, net exports rise.Question 30Which of the following statements is TRUE?O The spending multiplier is calculated as 1/MPCO The proportion of any income that is spent rather than saved is called the spending multiplierO MPC is always equal to MPSThe value of the spending multiplier will increase if MPC increasesQuestion 31Which of the following is NOT an example of monetary policyO Lowering the discount rateO Selling government bondsO Lowering the reserve requirementO Raising the corporate income tax rate

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the following statements is TRU a market economy, decisions are based on central government a command economy, decisions are based on customs a command economy, decisions are based on the forces of supply and demand a market economy, decisions are based on the forces of supply and demand tion 28 er who loses a job as a cashier at a store because consumers and business firms switch to shopping at Amazon is an example of tional unemployment uctural unemployment dical unemployment tion 29 of the following is FALSE regarding US trade?

the following statements is TRU a market economy, decisions are based on central government a command economy, decisions are based on customs a command economy, decisions are based on the forces of supply and demand a market economy, decisions are based on the forces of supply and demand tion 28 er who loses a job as a cashier at a store because consumers and business firms switch to shopping at Amazon is an example of tional unemployment uctural unemployment dical unemployment tion 29 of the following is FALSE regarding US trade?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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