The central problem that makes "economizing" necessary is
What will be an ideal response?
scarcity.
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Which of the following leads to the suppliers paying all of a tax?
A) The supply is perfectly elastic. B) The supply is perfectly inelastic. C) The demand is unit elastic. D) The demand is perfectly inelastic.
Roughly speaking, the nominal interest rate is __________ than the real interest rate by the amount of the expected __________
A) higher; growth rate of real GDP B) higher; inflation rate C) lower; growth rate of real GDP D) lower; inflation rate
The return that a domestic investor receives on a foreign investment is equal to
A) the interest rate on the foreign investment minus the interest rate on a comparable domestic investment. B) the appreciation rate of the foreign currency minus the appreciation rate of the domestic currency. C) the interest rate on the foreign investment times the appreciation rate of the foreign currency. D) the interest rate on the foreign investment minus the rate of appreciation of the domestic currency.
The government of a country, which has adopted American GDP accounting conventions, reported that seasonally adjusted GDP in quarter 3 was $48 billion at an annual rate. This means that the seasonally-adjusted market value of all final goods and services produced within this country in quarter 3 was
a. $4 billion. b. $12 billion. c. $16 billion. d. $48 billion.