A. Fixed costs
B. Variable costs
C. Total costs
D. Revenue
A. National income will increase
B. National income will decrease
C. National income will stay in equilibrium
D. Price will fall
A. capital outflows
B. merchandise exports
C. private gifts to foreigners
D. foreign aid granted to other nations
A. private costs, private benefits
B. private costs, social costs or benefits
C. social costs, social benefit
D. insiders, outsiders
A. bad money drives out good
B. monetary policy can only be effective if it is a long-term policy
C. controlling one part of the money supply will merely result in that item becoming less important
D. the money supply must only expand at the rate of growth of real national income
A. Ad valorem tariff
B. Specific tariff
C. Effective tariff
D. Compound tariff
A. impressment
B. appeasement
C. innuendo
D. initiative