The private sector balance is equal to ________
A) income minus consumption minus net taxes
B) income minus consumption minus investment
C) saving minus investment
D) income minus consumption
C
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Economists generally assume
A) individuals act strictly in the public interest. B) individuals are never concerned with the interests of other people. C) individuals rarely promote the projects in which they are interested. D) none of the above.
Which of the following statements about a movement along the production possibilities curve in the above figure is FALSE?
A) An additional computer can be produced only if fewer televisions are produced. B) The trade-off between computers and televisions is not constant. C) Society cannot have more of both goods at the same time. D) There are no opportunity costs involved in choosing one point on the curve over all other points.
China is the only country that runs large trade surpluses
Indicate whether the statement is true or false
Open market operations by the Fed cause
A. aggregate supply to change. B. the prices of bonds to change. C. changes in the required reserve ratio. D. changes in the difference between the discount rate. and the federal funds rate.