Household spending on goods and services amounts for what percentage of GDP?
a. 30
b. 50
c. 70
d. 90
c. 70
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What is an isocost line? What is the slope of an isocost line?
What will be an ideal response?
A country that creates competitive advantage where there are not comparative advantages misallocates its resources and has lower national well being
Indicate whether the statement is true or false
Under an exchange-rate targeting rule for monetary policy, a crawling peg
A) fixes the value of the domestic currency to a commodity such as gold. B) fixes the value of the domestic currency to that of a large, low-inflation country. C) allows the domestic currency to depreciate at a steady rate so that inflation in the pegging country can be higher than that of the anchor country. D) allows the domestic currency to depreciate at a steady rate so that inflation in the pegging country can be lower than that of the anchor country.
Consider the two graphs above. Suppose that allowable deductions from taxable business income are increased. This would ________ the desired level of the capital stock, as depicted in graph ________
A) increase; B B) increase; A C) decrease; B D) decrease; A