Lower deficits should lead to higher levels of private investment spending.
Answer the following statement true (T) or false (F)
True
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Common property can lead to market failure
Indicate whether the statement is true or false
The minimally adequate living standard for a U.S. family of four is known as the
A. U.S. poverty threshold. B. Global poverty standard. C. United Nations Poverty Goal. D. Millennium Poverty Goal.
Measured as a share of the economy, the size of the trade sector (exports plus imports) of the United States has
a. been increasing since 1980, but it declined during 1960-1980.
b. been relatively constant during the last four decades.
c. increased by about 10 percent during the last four decades.
d. approximately doubled since 1980 and tripled since 1960.
Figure 3-8
In , if the initial demand and supply for soybeans were D1 and S1, how would a decrease in the cost of producing soybeans affect the market for soybeans?
a.
Demand would increase to D2, price would increase to P2, and the quantity would increase to S.
b.
Supply would increase to S2, price would decrease to P0, and the quantity would increase to S.
c.
Both demand and supply would increase so the price would remain at P1, but the quantity would increase to T.
d.
None of the above would occur.