Under a market system, the people with information about buyers' desires, production technology and resources make the decisions.
Answer the following statement true (T) or false (F)
True
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The Fed sometimes works to partly offset or even neutralize the effects of fiscal policy with monetary policy
a. True b. False Indicate whether the statement is true or false
Jacqui decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own business, she withdrew $20,000 from her savings, which earned 5 percent interest. She also turned down three separate job offers with annual salaries of $30,000 . $40,000 . and $45,000 . What is Jacqui's economic profit from running her own business?
a. $-56,000 b. $-6,000 c. $4,000 d. $19,000
The marginal productivity principle does not
A. assign higher prices to scarcer resources. B. create incentives for firms to discriminate.. C. guide firms to use society’s resources efficiently. D. distribute incomes unequally among society.
Which of the following correctly shows the relationship between savings, the government budget balance, and the current account?
A) S + CA = I + (T - G) B) S + CA = I + (T + G) C) S + (T - G) = I + CA D) S + (T + G) = I + CA