In the economy of Talikastan in 2015, consumption was $3000, exports were $1200, GDP was $6300, government purchases were $1300, and investment was $1500 . What were Talikastan's imports in 2015?
a. -$500
b. -$700
c. $700
d. $500
c
You might also like to view...
In a payoff matrix for a three-player game, one player picks the row, another picks the column, and the third picks the page
Indicate whether the statement is true or false
Recently, the State of Tennessee discovered chemical compounds in their drinking water which may cause cancer. Since Tennessee's drinking water comes from the Pigeon River in North Carolina, the source of these chemicals is the waste discharges of industrial paper plants in North Carolina. This is an example of a(n):
a. external cost imposed on the citizens of Tennessee by the industrial plants of North Carolina. b. market failure where the market price of the output of these industrial plants does not fully reflect the social cost of producing these goods. c. externality where the marginal social costs of producing these industrial goods differ from the marginal private costs. d. all of these.
The basic principle that explains the demand for a factor of production is the
a. principle of marginal productivity. b. Hotelling principle. c. principle of opportunity cost. d. Ramsey pricing principle.
If an economist wanted to understand why people don't buy life insurance, he would want to use the deductive approach.
Answer the following statement true (T) or false (F)