Proponents of inward-oriented policies ignore the fact that natural resources are exhaustible, so their long-run market value will fall
a. True
b. False
Indicate whether the statement is true or false
False
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Economic growth solves the problem of scarcity
a. True b. False Indicate whether the statement is true or false
Which of the following is a macroeconomic question? a. What is a firm's profit-maximizing level of output? b. How will economic growth affect unemployment? c. How will a consumer maximize his utility?
d. How will a monopolist maximize his profit?
Which of the following is an asset of a central bank?
A) currency B) bonds C) reserves D) none of the above
Refer to the data. If year 1 is the first year of this nation's existence and year 4 is the present year, the public debt as a percentage of GDP in year 4 is:
Answer the question using the following budget information for a hypothetical economy. Assume that all budget surpluses are used to pay down the public debt.
A. 7.5 percent.
B. 1.39 percent.
C. 2.5 percent.
D. 3.9 percent.