Annual changes in the level of investment in the U.S. during the last 40 years have been
a. highly volatile
b. positive, moderate, and steady
c. positive, dramatic, and steady
d. close to zero, but the level has been high
e. slightly negative, that is, falling steadily, but still high relative to the levels of the four decades before the 1960s.
A
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Which cost always increases as output increases?
A) total cost B) marginal cost C) average total cost D) average fixed cost
With careful planning, we can usually get something that we like without having to give up something else that we like
a. True b. False Indicate whether the statement is true or false
Refer to the above diagram. At output level Q total variable cost is:
A. 0BEQ. B. BCDE. C. 0AFQ. D. 0CDQ.
The exchange rate is the
A. Balance-of-trade ratio of one country to another. B. Opportunity cost at which goods are produced domestically. C. Amount of currency that can be purchased with one ounce of gold. D. Price of one country's currency expressed in terms of another country's currency.