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2 - Economic fluctuations

are linked, but not perfectly synchronized, across countries

are perfectly synchronized across countries

in one country are independent of fluctuations in other countries

in the United States always lag behind fluctuations in other developed economies

in the United States usually occur before fluctuations in other developed economies

5- "Efficiency" refers to

producing output using the least amount of labor

producing output using the least amount of capital

producing as far inside the production possibilities frontier as possible

producing only one out of many possible commodities

getting the maximum possible output from available resources

6 - In economics, specialization means

producing something using only one type of resource, such as labor

producing something using only one type of labor

focusing efforts on a particular product or a single task

producing only one unit of output

producing something using only one unit of a variable resource

13 - An example of a positive externality is

pollution because it affects people not directly involved with producing it

a homeowner's maintenance of a beautiful lawn because this creates a benefit for neighbors

creating a monopoly

driving a car that emits pollution

18 - An increase in the interest rate, other things constant, will

shift the demand for loanable funds curve to the right

shift the demand for loanable funds curve to the left

decrease the quantity of loanable funds supplied

decrease the quantity of loanable funds demanded

shift the supply of loanable funds curve to the right

23 - A change in income will

affect the demand for candy through the income effect of a price change

affect the quantity demanded of candy through the income effect of a price change

shift the demand curve for candy

34 - An increase in the price level will cause

an increase in the quantity of aggregate output supplied

a decrease in the quantity of aggregate output supplied

a leftward shift of the aggregate supply curve

a rightward shift of the aggregate supply curve

a leftward or rightward shift of the aggregate supply curve, depending on the reason for the price change

have no effect on the demand for candy, because income is assumed constant along a demand curve

affect quantity demanded only if candy is a normal good

Thank you very much!!