A business that is owned by one individual is a? __________.
A. master limited partnership
B. partnership
C. limited liability company
D. corporation
E. sole proprietorship
E. sole proprietorship
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Scarcity
a. necessitates choice among consumer goods. b. of income renders purchase decisions interdependent. c. affects all consumer decisions. d. may involve forgoing the pleasure of one good in order to enjoy another. e. All of the above answers are correct.
Other things equal, an increase in an economy's exports will:
A. lower the marginal propensity to import. B. have no effect on domestic GDP because imports will change by an offsetting amount. C. decrease its domestic aggregate expenditures and therefore decrease its equilibrium GDP. D. increase its domestic aggregate expenditures and therefore increase its equilibrium GDP.
Historical analysis of real interest rates in the United States shows that
A. real interest rates were unusually low in the 1970s and unusually high in the 1980s. B. real interest rates were unusually low in both the 1970s and 1980s. C. real interest rates were unusually low in the 1980s, spurring the economic growth that occurred during the Reagan administration. D. real interest rates were unusually high in both the 1970s and 1980s.
Dissaving occurs when:
A. Income is greater than saving B. Income is less than consumption C. Saving is greater than consumption D. Saving is greater than the interest rate