As long as the loanable funds market clears, Say's law holds
a. True
b. False
A
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If Project X has a cost of $6 and provides a benefit of $10, and Project Y has a cost of $25 and provides a benefit of $27, which of the following statements is true?
A) An individual can optimize by choosing Project X. B) An individual can optimize by choosing Project Y. C) Switching from Project X to Project Y increases net benefit by $2. D) Switching from Project Y to Project X decreases net benefit by $2.
The change in the quantity demanded of a good resulting from a change in relative price with the level of satisfaction held constant is called the ________ effect
A) Giffen B) real price C) income D) substitution
Fixed exchange rates allow countries to formulate their economic policies independently of other nations
a. True b. False Indicate whether the statement is true or false
If the labor force of a country is 100 million, of which 80 million are employed, then the number of unemployed people is 30 million
a. True b. False Indicate whether the statement is true or false