Goods produced for consumption in 2003 but remain unsold in 2003 become
a. intended inventories
b. unwanted inventories
c. aggregate expenditure
d. transitory investment
e. intended investment
B
You might also like to view...
Minimum wage laws cause unemployment because the legal minimum wage is set
A) below the market wage, causing labor demand to be greater than labor supply. B) too low. C) above the market wage, causing labor demand to be greater than labor supply. D) below the market wage, causing labor demand to be less than labor supply. E) above the market wage, causing labor demand to be less than labor supply.
Based on Table 9.1, if the information in the table is typical of current and financial account values over a long period, then it would be reasonable to infer that
A) the net international investment position is negative. B) the net international investment position is positive. C) national savings are less than domestic investment. D) government accounts are in deficit. E) the current account balance is greater than domestic investment.
From the Civil War until 1914, what change(s) occurred in U.S. policies regarding tariffs?
(a) Tariff rates were generally higher and customs receipts were higher than before the Civil War. (b) As the momentum of the westward movement increased, increased revenues from land sales allowed Congress to return tariff rates to their pre-Civil War levels. (c) Customs revenues increased because of economic growth and the lack of important changes in tariff policy. (d) All of the above
First-price auctions have all the following properties EXCEPT
a. Highest bid wins b. Highest bidder pays her winning bid c. The good is assigned to the second-highest bidder d. The price is set to the highest bid