ECON252 Interim Exam #1 10-03-2013 - PINK

1500 d 1600 e noneoftheabove 45

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Unformatted text preview: B. Equilibrium price increases, but the effect on quantity is uncertain. C. Equilibrium quantity increases, but the effect on price is uncertain. D. Equilibrium quantity decreases, but the effect on price is uncertain. 40. Which of the following will increase US GDP in 2013? A. Ford buys $1,000,000 worth of plastic to use in a new model of the Ford Focus from a plastic producer in Germany. B. Ford sells the final 500 Ford Focus cars remaining from their 2011 model. C. Ford sells 500 of their new Ford Focus cars to consumers in Germany (the cars were produced in the US). D. Ford buys $1,000,000 worth of new tires to use in a new model of the Ford Focus from a tire producer in the US. E. [None of the above] 41. Which of the following will not affect the CPI in the United States? A. The price of industrial machinery used to build large office buildings has increased. B. The cost of tuition at many 4‐year colleges rises. C. The price gasoline rises because of an oil shortage in the Middle East. D. The price of tomatoes imported from Mexico has fallen significantly. 42...
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