Net exports will be negative if:
A. imports exceed exports.
B. exports exceed imports.
C. it is a closed economy.
D. it is an open economy.
A. imports exceed exports.
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Results of research conducted regarding the Moving to Opportunity program found that the program had little effect on opening up employment opportunities
Indicate whether the statement is true or false
Keynes's motivation in developing the aggregate output determination model stemmed from his concern with explaining
A) the hyperinflations of the 1920s. B) why the Great Depression occurred. C) the high unemployment in Great Britain before World War I. D) the high unemployment in Great Britain after World War II.
Which of the following will shift the demand curve for capital leftward?
a. Introduction of supercomputers in the resource market b. A fall in the market interest rates c. An increase in the price of capital d. Business expectations of increased regulations e. A rise in the equilibrium wage of labor
By specializing in the production of particular goods in which it has a comparative advantage, a nation is:
A) less likely to make efficient use of available resources. B) less likely to engage in international trade. C) able to become self-sufficient. D) able to operate efficiently.