For an economy to be in equilibrium at full employment is, according to Keynes,
a. the natural result of the economy process
b. always the result of government intervention
c. strictly a matter of historical accident
d. a matter of convincing investors to match the level of saving in the economy
e. an unattainable goal
C
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The market for U.S. cars was impacted significantly by consumers' options to buy which of the following?
(a) Used cars (b) New cars produced by U.S. producers (c) New cars produced by foreign producers (d) All of the above
Until the year _____, there was a clear line of demarcation between commercial banks and thrift institutions.
Fill in the blank(s) with the appropriate word(s).
To create a new company data file in QuickBooks, use the:
a. Company menu > New Company b. Company section of the Home page > New Company c. File menu > Open or Copy Company d. File menu > New Company
Suppose that there are only two countries in the world, Heartland and Soulland. The two countries produce only two goods, corn and drill presses. At its current level of production, Heartland must give up production of 1/4 drill press to produce an additional 100 bushels of corn. Soulland must give up 1 drill press to produce an additional 100 bushels of corn. No trade now occurs between the two economies, and both economies are operating on their respective production possibilities frontiers. 89. (Exhibit: Heartland and Soulland) The country with a comparative advantage in the production of corn is:
A) Heartland. B) Soulland. C) neither; they both use the same technology. D) neither; they both use the same amount of resources.