In a purely private economy, the difference between actual investment and desired investment measures the undesired change in inventory.
Answer the following statement true (T) or false (F)
True
If actual investment exceeds desired investment, inventory levels are increasing to undesirable levels; and when actual investment is less than desired investment, inventory levels are decreasing to undesirable levels.
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The demand for Mexican tomatoes by an American food grocery chain creates a
A) demand for the U.S. dollar. B) demand for an interest rate differential. C) supply of Mexican pesos. D) supply of U.S. dollars.
Deficits and surpluses are commonly calculated as:
A. debt per taxpayer. B. average debt per state. C. a percentage of national GDP. D. absolute values.
Powers of many regulatory agencies are designed to protect public health and safety.
Answer the following statement true (T) or false (F)
If total output increases from $1 trillion to $2 trillion as population increases from 100 million to 250 million, then output per person:
A. remains constant. B. doubles. C. decreases. D. increases, but by less than 100 percent.