When lumber from Brazilian forests is used by a U.S.-owned company to produce furniture in Canada, the value of the furniture produced will be counted as a final good in
A) Canada's GDP. B) U.S. GDP. C) Brazil's GNP. D) Brazil's GDP.
A
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The Cost-Benefit Principle indicates that an action should be taken if:
A. its extra benefit is greater than or equal to its extra cost. B. its average benefits exceed its average costs. C. its net benefit (benefit minus cost) is zero. D. its total benefits exceed its total costs.
The type of security that is protected against inflation are:
A. Treasury bills. B. Treasury notes. C. Treasury bonds. D. TIPS.
Consumption is most likely to respond one-for-one with changes in current income when
A) the change in current income results from a one-time bonus. B) people believe the change in their current income is temporary. C) people are able to borrow as much as they wish, as long as they pay it back. D) the change in current income is caused by the business cycle. E) none of the above
Microfinance is aimed at encouraging entrepreneurs among the very poorest parts of the developing world to relocate to high-income countries.
Answer the following statement true (T) or false (F)