A household is helped, on the ________ side, when its net profits or wages rise and is helped, on the ________ side when the prices of goods and services decrease.
A. uses; sources
B. sources; uses
C. input; output
D. flow; stock
Answer: B
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Portfolio investment is defined as
A) the purchase of less than 40 percent of the shares of ownership in a company in another country. B) the acquisition of more than 40 percent of the shares of ownership in a company in another country. C) the diversification of purchasing shares in many companies in one country so that risk is kept to a minimum. D) none of the above
Use the following table for a hypothetical single-product economy. year units of output price per unit price index (1=100) 1 10 10 100 2 12 20 200 3 15 30 300 4 20 40 400 Refer to the above data. Nominal GDP in year 4 is:
a) $320. b) $450. c) $225. d) $800.
Exhibit 6-2 Cost schedule for pizza production Pizzas LaborCost EnergyCost MaterialsCost 0 $10 $ 0 $ 0 1 10 12 4 2 24 22 8 3 40 30 12 4 60 36 16 5 90 40 20 Exhibit 6-2 shows the labor, energy, and materials cost of making various quantities of pizzas. The table shows that the labor cost of making pizzas will:
A. increase at a decreasing rate. B. decrease at a decreasing rate. C. decrease at an increasing rate. D. increase at an increasing rate.
The evidence suggests that in rich countries, a depreciation
A) immediately improves the trade balance. B) eventually improves the trade balance. C) first improves, but then worsens the trade balance. D) has no effect on the trade balance. E) none of the above