(02.03 MC) Which of the following individuals is considered “cyclically” unemployed by economists?

(01.06 MC) Use the graph to answer the question that follows.If the supply curve of automobiles in the market shifted from S1 due to an increase in the custom duty on imported car parts, then by what amount did the quantity of automobiles change from its original equilibrium level?

(02.01 LC)Which of the following is true about European ambitions in the Americas after 1600?

(03.02 LC)Which of the following was true of the growing colonial independence movement?

(05.07 MC) Which one of the following public policies promotes economic growth in the country?

(02.02 LC) Economists argue that GDP is underestimated as a result of which of the following?

(01.02 MC) Suppose the PPC of a producer producing two goods, A and B, is a straight line. Which of the following is true regarding the opportunity cost for the producer?

(06.01–06.06 HC) Country Alpha and Country Beta are trading partners each with a current account balance of zero. Country Alpha’s currency is the dollar, and Country Beta’s currency is the euro. If inflation in Country Alpha increases while Country Beta’s price level stays flat, will it result in a current account deficit, surplus, or no change for Country Alpha? Explain. Draw a graph of the foreign exchange market for the dollar of Country Alpha. Illustrate the effect of the inflation change from part (a) on the value of its dollar compared to the euro of Country Beta. Now if tastes in Country Beta shift toward goods of Country Alpha, what will be the impact on the demand for the dollar of Country Alpha? Explain. Based on part (c), what will be the effect on the value of the dollar of Country Alpha compared to the euro of Country Beta?

(02.04 MC) If the CPI in Year 1 is 120 and in Year 2 is 130, then what impact will this have on the price level and cost of living for individuals?

(05.05 MC) The economy depicted in this data table is closed, with no international trade of any kind. Government spending $40 billion Government transfer payments $20 billion Tax revenues $40 billion Private savings $60 billion Business capital investments $60 billion Based on the data above, which of the following must be true?