Suppose that private saving is $1590 billion, investment is $1945 billion, and the current account balance is -$489 billion. From the uses-of-saving identity, how much is government saving?
A. -$134 billion
B. $134 billion
C. -$844 billion
D. $844 billion
Answer: A
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Because of the choices people make in the pursuit of profit, new growth theory argues that
A) technology growth slows down in the long-run. B) population growth increases will bring real GDP per person back to subsistence level. C) the capital stock experiences diminishing returns. D) the economy can enjoy persisting economic growth.
Each firm in a cartel has an incentive to chisel because market price exceeds:
a. marginal cost. b. average cost. c. average variable cost. d. average fixed cost.
State some of the policies adopted by the U.S. government to check petroleum prices
The long-run and the planning horizon are synonymous
Indicate whether the statement is true or false