In 2014, the United States ran a trade deficit of 3.1 percent of GDP.
Answer the following statement true (T) or false (F)
False
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What happens when marginal product falls in a bicycle factory?
a. The cost of producing one more bicycle rises. b. The average total cost of producing a bicycle falls. c. More bicycles per hour are deemed defective. d. The total number of bicycles produced decreases.
What is the difference between standard deviation and value at risk? Consider the difference between purchasing a one-year bank CD compared with purchasing a homeowner's insurance policy. Which scenario do you believe is more likely to consider value at risk over standard deviation? Explain.
What will be an ideal response?
A firm considering whether to borrow money to purchase a capital good will compare the rate of interest for the loan with the:
A. Opportunity cost of the capital good B. Rate of return on the investment C. Length of the investment D. Treasury bill rate
Which of the following statements is true?
A) For positive growth, consumption in an economy should always be less than savings. B) The greater the savings rate in an economy, the slower is the rate of capital accumulation. C) The greater the consumption expenditure in an economy, the faster is capital accumulation. D) Extremely high savings rate can be counterproductive for an economy in short term.