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- Other things the same, the aggregate quantity of goods demanded in the U.S. increases if Group of answer choices money supply falls. the interest rate falls. the interest rate rises. dollars appreciate.What will an increase in U.S. prices likelyJosh wants to buy a house. If the price level increased by 8%, due to___ (other things equal) Josh will be____ to purchase a house.
- In the United States, grain has many uses. These include food (directly and indirectly), fuel, and exportation. Since 2001, the growing demand for grain has resulted in a double price of farmland in Iowa, Nebraska, South Dakota, and Wyoming. How does the growing price of grain affect the market for farmland? How might farmers meet the growing demand for grain without having to use a greater quantity of land?When American companies buy office buildings in Australia, they are generating a: A) Supply of U.S. dollars and a demand for a foreign currency. B) Supply of U.S. dollars and a supply of a foreign currency. C) Demand for U.S. dollars and a supply of a foreign currency. D) Demand for U.S. dollars and a demand for a foreign currencywhat happen imports when price level increase and decrease? Explanation
- The following graphs show the relationship between the price of cherries and the quantity of cherries supplied in two different regions, the North and the and South. Assume that the two lines are parallel. In the North, if the price goes down by $0.20 per pound, then the quantity supplied in the North goes down by 200 pounds per year. If the price of cherries goes down by $0.20 in the South, what will happen to the quantity supplied? A. There is not enough information given to determine the supply change in the South. B. The quantity will decrease by 200 pounds per year. C. The quantity will increase by 100 pounds per year. D. The quantity will increase by 200 pounds per year.In early 1998, Luis Tellez, Mexico’s oil minister, held a secret meeting with his Saudi Arabian counterparts. As a government official, he decides how many barrels of oil Mexico would produce and sell to other countries. The purpose of a secret meeting was to increase earnings, or revenues, from selling oil by raising world price of oil, which had fallen 50% over the previous two years. The low oil price was creating serious problems for both governments. A plan to increase oil price will not succeed unless other oil-exporting countries were willing to reduce oil production. Why? Why not just raise prices? To make the plan work, Tellez had to persuade his fellow oil ministers to produce less. But how much less? What information he needs to know in order to answer this question?The absolute prices of goods X, Y, and Z, respectively, are $23, $42, & $56.(a) What is the relative price of X in terms of Y?(b) What is the relative price of Y in terms of Z?(c) What is the relative price of Z in terms of X?
