In the GDP accounts production equals
a. income.
b. income + saving.
c. income - government expenditures.
d. income - imports.
a
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What is intra-industry
a. trade in different goods between two countries b. trade in the same company between countries c. trade in the same industry between two countries d. trade in different goods in different countries
In this graph, at point e1, price level is ______.
a. inflationary
b. deflationary
c. stable
d. not shown
Who holds this view: "…We are consuming more than we are producing, borrowing more than we are saving and spending more than we are earning."
A. Murray Weidenbaum B. Thorstein Veblen C. Benjamin Franklin D. Adam Smith
The principal-agent problem as it applies to labor employment refers to:
A. Employer and workers wanting the firm to survive and thrive B. Firms having the profit motive, while workers may be shirking on the job C. Employers having a problem finding qualified workers D. Workers facing a problem finding employment