In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain ________ and firms will continue to lower production
A) below; negative
B) above; negative
C) below; positive
D) above; positive
D
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Give an example of a pair of variables that have a positive correlation, a pair of variables that have a negative correlation, and a pair of variables that have zero correlation
What will be an ideal response?
Studies strongly suggest that advertising strategies are generally much more effective than pricing strategies as a means to increase market share
Indicate whether the statement is true or false
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate. Refer to Table 3-26. Assume that Japan and Korea each has 2400 hours available. If each country spends all its time producing the good in which it has a comparative advantage and trade takes place at a price of 12 cars for 6 airplanes, then
a. Japan and Korea will both gain from this trade.
b. Japan will gain from this trade, but Korea will not
c. Korea will gain from this trade, but Japan will not
d. Neither Japan or Korea will gain from this trade
Which factor of production includes crude oil deposits?
A) physical capital B) human capital C) land D) entrepreneurship