Other things the same, if U.S. net capital outflow rises, so does U.S. saving
a. True
b. False
Indicate whether the statement is true or false
False
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The ability of an individual, firm, or country to produce more of a certain good than other competing producers, given the same amount of resources, is referred to as:
A) marginal advantage. B) comparative disadvantage. C) absolute advantage. D) perfect advantage.
The NBER's Business Cycle Dating Committee defines a recession as at least two consecutive quarters of falling real GDP
Indicate whether the statement is true or false
A manager in charge of new product development can hire engineers and market researchers. The annual salary of an engineer is $30,000 and that of a market researcher is $20,000. The marginal contribution of engineers and market researchers are 
Given the above information, if the manager has an annual budget of $120,000, how should this budget be allocated in order to maximize the number of new products developed?
A. Hire two engineers and one market researcher. B. Hire three engineers and four market researchers. C. Hire three engineers and two market researchers. D. Hire two engineers and three market researchers.
If inflation was 3 percent last year and 2 percent this year, an individual who follows extrapolative expectations would predict that the inflation rate for the coming year would be:
A. 1 percent. B. 0 percent. C. 3 percent. D. 5 percent.