An increase in government expenditures ________ "national saving" and thus tends to ________ private investment
A) increases, increase
B) increases, decrease
C) decreases, increase
D) decreases, decrease
D
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In general, during the business cycle, when economic activity is peaking:
a. interest rates begin to creep higher b. unemployment levels are low c. inflation begins to edge higher d. all of the above
To attract more bidders, and more aggressive bidders, to your auction
a. withhold relevant information about the value of the object b. don't allow bidders to know how others are bidding c. do not allow potential bidders to examine the object too closely d. hold oral auctions
Which of the following is NOT true about a cartel?
A. Members experience large economies to scale relative to industry demand. B. Members of a cartel will have production quotas. C. Members earn economic profits. D. Cartels will set common prices for their members.
By 2016, the U.S. trade deficit with China
A) had fallen to almost zero. B) was nearly $300 billion. C) had decreased to the same level of the early 2000s. D) had become a trade surplus.