Investment is financed by which of the following?
I. Government spending
II. National saving
III. Borrowing from the rest of the world
A) I, II, and III
B) I and II only
C) I and III only
D) II and III only
D
You might also like to view...
A strategy is called a pure strategy if it involves choosing ________
A) one particular action for a situation B) different combinations of actions for a situation C) an action that yields a higher payoff to the opponent D) an action that yields zero payoff to the player
Stationarity means that the
A) error terms are not correlated. B) probability distribution of the time series variable does not change over time. C) time series has a unit root. D) forecasts remain within 1.96 standard deviation outside the sample period.
In the above figure, what happens to the firm's optimal level of output if the price it receives for its product decreases from P4 to P3?
A) Output stays the same. B) Output decreases. C) Output increases. D) There is not enough information provided to know what happens to output.
Use the above table. Assuming constant opportunity costs, if Argentina and France specialize based on comparative advantage, then they will trade if the rate of exchange
A) is 7 gallons of wine for 1 pound of beef, and Argentina imports beef. B) 0.25 gallons of wine for 1 pound of beef, and France imports beef. C) 0.25 pounds of beef for 1 gallon of wine, and Argentina imports wine. D) 0.4 pounds of beef for 1 gallon of wine, and France imports wine.