National accounts measure ________
A) the labor force participation rate in a country
B) the total amount of capital goods available in a country
C) the level of aggregate economic activity in a country
D) the total money supply in a country
C
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Streaming Netflix movies would be considered:
A. a common resource. B. a private good. C. a public good. D. an artificially scarce good.
The ____ effect is a ____ network externality where a consumer wants to own a unique good
a. bandwagon; negative b. bandwagon; positive c. snob; negative d. snob; positive.
The president of the Federal Reserve District Bank of New York holds a permanent seat on the Federal Open Market Committee
Indicate whether the statement is true or false
It is ____ that in international trade, when one country gains, another loses; it is ___ that to assure prosperity for its citizens, a nation should do all it can to promote exports and keep out imports.
A. true; true B. false; false C. false; true D. true; false