Analogies between public and private debt are usually misleading
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following stands true for technological innovation?
a. Actual changes in technology proceed as evenly as expenditures on research and development. b. A decline in spending on research and development may indicate less of a commitment to increasing productivity. c. The purchase of computer hardware or software as investment is not advised because of continuous innovations in the field of IT. d. In developing countries, the benefits of IT innovations are being fully exploited because of a large population. e. Education gives developing countries a substantial advantage over industrial countries in creating and implementing innovations because of a large percentage of skilled labor force in the population.
U.S. GDP and U.S. GNP are related as follows:
a. GNP = GDP - Income earned by foreigners in the U.S. + Income earned by U.S. citizens abroad. b. GNP = GDP + Income earned by foreigners in the U.S. - Income earned by U.S. citizens abroad. c. GNP = GDP + Value of exported goods - Value of imported goods. d. GNP = GDP - Value of exported goods + Value of imported goods.
Which of the following is NOT a characteristic of a market in equilibrium?
A. There is neither excess supply nor excess demand. B. Sellers can sell as many units as they want at the equilibrium price. C. Neither buyers nor sellers want the price to change. D. Buyers can buy as many units as they want at the equilibrium price.
The slope of the production possibilities frontier at a given point indicates ________.
a. the preferences of a country. b. a country's total gains from trade. c. a country's opportunity cost of production. d. a country's trade balance.