In the open-economy macroeconomic model, the market for loanable funds equates national saving with
a. domestic investment.
b. net capital outflow.
c. the sum of national consumption and government spending.
d. the sum of domestic investment and net capital outflow.
d
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How does the Ultimatum Game work? What does experimental evidence show about the outcome of the Ultimatum game?
What will be an ideal response?
According to the table shown, when 5 units are produced:
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. profits are maximized.
B. profits are positive.
C. the firm is producing less than the profit-maximizing amount.
D. the firm is producing more than the profit-maximizing amount.
Many governments are currently investing in:
A. less roadways. B. communications infrastructure. C. less ports, given the decreasing importance of international business. D. All of these are true.
According to the quantity theory of money, if there are fewer dollars available to spend on the same number of goods and services, then:
A. the price level will fall. B. the price level will rise. C. output will decrease. D. output will increase.