Since the early 1980s, debt ratios for the OECD countries have
A) increased.
B) remained constant.
C) decreased slightly.
D) decreased dramatically, and are now close to zero.
E) become impossible to define.
A
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The various quantities of all final commodities demanded at various price levels, ceteris paribus, is the
A) LRAS. B) production possibilities curve. C) aggregate demand curve. D) aggregate supply curve.
In the Celtex case study, Leo Garcia, President of the synthetic chemical division, regularly fails to sell his products to and through the consumer products division. This is because:
A. the head of the consumer products division does not understand the difference between price and value. B. Celtex has a faulty organizational structure that regularly cheats Garcia. C. Garcia produces inferior products. D. there is a market-based alternative to his products that are cheaper.
One’s opinion about the proper size of government should have nothing to do with one’s view on stabilization policy.
Answer the following statement true (T) or false (F)
Refer to the supply and demand graph below for a public good. If Q1 units of the public good are produced, then:
A. Users are willing to pay more for the public good than it costs to produce it
B. Users are willing to pay less for the public good than it costs to produce it
C. There is an over-allocation of resources towards producing this public good
D. Allocative efficiency is achieved in the market