Which of the following countries does not come close to the free market benchmark?
A) Cuba B) Japan C) the United States D) France
A
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The government deficit
A) is equal to the government surplus plus taxes minus government spending. B) is equal to GDP minus GNP. C) is equal to disposable income plus the current account surplus. D) is equal to the negative of government saving.
Refer to the table below. If the discount rate is 5 percent and the cost of the investment is $45,000, which of the following is true regarding a profit-maximizing manager?
The above table shows the future operating profits from an investment. The future operating profits are earned at the end of each of the respective years.
A) The manager should not make the investment because the net present value is positive.
B) The manager should not make the investment because the net present value is negative.
C) The manager should make the investment because the net present value is positive.
D) The manager should make the investment because the net present value is negative.
Given a price elasticity of demand of -0.33, a decrease in price will
A) reduce total revenue. B) increase total revenue. C) leave total revenue unchanged. D) decrease quantity.
If economic recovery has already occurred by the time the effects of expansionary monetary policy are felt, it could cause an inflation problem rather than curing a recession problem
a. True b. False Indicate whether the statement is true or false