From Table 2.2, which column is the one for shortage? 
A. column A
B. neither A nor B
C. column B
D. either A or B are equally likely
Answer: C
You might also like to view...
Consider a large open economy. What are the effects, in equilibrium, on the world real interest rate, domestic national saving, domestic investment, the domestic current account balance, foreign national saving, foreign investment, and the foreign
current account balance in each of the following scenarios? Show a diagram to illustrate your results. (a) current income rises in the foreign country (b) the future marginal product of capital rises in the domestic country (c) wealth rises in the foreign country
Which of the following is a common mistake managers make?
A. Maximizing the value of the firm instead of maximizing the firm's profits. B. Increasing the rate of production in order to reduce unit costs of production. C. Treating implicit opportunity costs as part of the total costs of using resources. D. Using marginal analysis to make output decisions. E. all of the above.
Suppose all prices decrease by 5 percent in the year while the total sales of laptops remain constant. This is
A) a violation of the law of demand since fewer laptops should be purchased at a higher price. B) a violation of the law of demand since more laptops should have been purchased with higher incomes. C) not a violation of the law of demand since the relative price of laptops did not change. D) not a violation of the law of demand since the law of demand does not apply to expensive goods like laptops.
Both the World Bank and the IMF typically
A. make loans for less than 5 years only. B. charge higher than average loan rates. C. toughen the loan requirements after a nation has violated an original arrangement. D. charge lower than average loan rates to ensure repayment.