An increase in government budget deficits will necessarily be associated with an worsening of the current account balance
Indicate whether the statement is true or false
FALSE
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OPEC is an example of a:
A. monopsony. B. monopoly. C. duopoly. D. cartel.
If an economy imposes entry barriers to entrepreneurship:
A) the opportunity cost of entrepreneurship will increase. B) the number of entrepreneurs in the economy will increase. C) the aggregate output in the economy will increase. D) the opportunity cost of entrepreneurship will decrease.
Suppose the Oakland Raiders football team increases their season ticket prices and total revenue from ticket sales falls, but not to zero. This fact means that the demand for Raiders tickets is
A) inelastic. B) elastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.
The Romer and Solow models reach the same conclusion with respect to ________
A) output growth in the long-run B) the impact of changing population C) the effect of an increase in the saving rate D) the general level of prices