Which of the following correctly shows the relationship between savings, the government budget balance, and the current account?
A) S + CA = I + (T - G)
B) S + CA = I + (T + G)
C) S + (T - G) = I + CA
D) S + (T + G) = I + CA
C
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Discouraged workers
A) are considered part of the unemployed because they are not working. B) are not considered part of the unemployed because they quit their jobs voluntarily. C) are not considered part of the unemployed because they are not actively seeking work. D) are considered part of the unemployed because they are still in the labor force.
Labor productivity is defined as
A) the amount of workers per unit of input. B) the amount of input per worker. C) the increase in output per unit of machinery. D) the amount of output per worker.
Barriers to entry into a monopolistically competitive industry are virtually impossible to overcome
Indicate whether the statement is true or false
Which of the following is an example of government spending?
a. A state government investing in electric vehicles for its employees b. A state government importing twice as much oil this year than it did the previous year c. A public sector firm increasing its expenditure on advertisement d. A publicly traded firm selling one-third of its shares