A country has $50 million of domestic investment and net capital outflow of $15 million. What is saving?
a. $65 million
b. -$65 million
c. $35 million
d. -$35 million
a
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Which of the following groups does not support the special interests of the elderly?
a. the elderly themselves b. the relatives of the elderly c. the housing industry d. doctors and nursing home operators e. those under 65 who are concerned about their future benefits
If real incomes in foreign nations were growing less rapidly than U.S. real incomes, one would expect that as a result, a. the exchange value of the dollar would decline relative to other currencies
b. the exchange value of the dollar would increase relative to other currencies. c. there would likely be no effect on the exchange value of the dollar relative to other currencies. d. there would be an indeterminate effect on the exchange value of the dollar relative to other currencies.
According to Baumol, Blinder, and Solow, recognition of the usefulness of markets
A. labels a person as an apologist (defender) of capital. B. extends to some socialist countries, for example, China. C. should make totally free markets good for any society. D. makes one a radical.
Answer the next question(s) based on the data contained in the following table.Units of LaborTotal ProductProduct Price00$2.201152.002281.803391.604481.405551.206601.10Assume that the firm is hiring labor in a purely competitive market. If the wage rate is $11, how many workers will the firm choose to employ?
A. 5 B. 4 C. 3 D. 2