National income includes wages and salaries, interest and rent, but not corporate profits
a. True
b. False
Indicate whether the statement is true or false
False
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Of the stimulus package proposed by the Bush Administration in 2008,
A. the tax rebates were adopted while, the extension of temporary tax cuts was rejected. B. none of the proposed components of the package were actually implemented. C. all of the proposed components of the package were quickly implemented. D. the tax rebates were rejected while, the extension of temporary tax cuts was adopted.
The monopolistically competitive firm shown in the figure:
A. is in long-run equilibrium.
B. might realize an economic profit or a loss, depending on its choice of output level.
C. cannot operate profitably in the short run.
D. can realize an economic profit.
People have little incentive to contribute to a project if they will be able to enjoy the benefits of the finished project for free
Indicate whether the statement is true or false
The European Commission believes that in 2016 exports of goods and services from Spain will be 22 times larger than in 2013. Irish exports are expected to have grown by 15 percent over the same period. If imports remain constant
A) the current account balance in both countries will become more positive. B) the current account balance in both countries will become more negative. C) there will be no change in the current account balance of both countries. D) in both countries the capital and financial account balance will become more positive.