.If inventory investment during a year was negative $6 billion, producers must have
What will be an ideal response?
sold $6 billion more goods and services during the year than they produced.
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If a consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S, and 50 units of food is purchased, how many units of shelter can be purchased at most?
A) 0 B) 40 C) 60 D) 80
Transferable pollution rights allow a given level of pollution reduction to be achieved: a. at zero cost
b. at higher cost than compliance standards. c. at lower cost than compliance standards. d. at higher cost than a system of pollution taxes.
Forward and backward linkages apply to which of the following development strategies?
a. big-push development b. government sponsored development c. direct foreign intervention d. unbalanced development e. balanced development
If we observe a decrease in the price of a good and a decrease in the amount of the good bought and sold, this could be explained by
a. an increase in the supply of the good. b. an increase in the demand for the good. c. a decrease in the demand for the good. d. a decrease in the supply of the good.