Net exports is a negative figure when
A. a nation's exports of goods and services exceed its imports.
B. depreciation exceeds gross private domestic investment.
C. the economy's stock of capital is declining.
D. a nation's imports of goods and services exceed its exports.
D. a nation's imports of goods and services exceed its exports.
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Which of the following financial assets has both the highest risk and highest return for the period of 1926-2011?
A) small company stocks B) large company stocks C) corporate bonds D) Treasury bills
A noncompeting labor market is best illustrated by the market for
a. fast food workers b. high school teachers c. automobile workers d. concert violinists e. insurance salespeople
What would be an example of an implicit cost of production?
a. the cost of a delivery truck in a business that rarely makes deliveries b. the cost of employee training programs c. the cost of raw materials for producing bread in a bakery d. the cost of lost income an entrepreneur could have earned working for someone else
Which of the following formulas is correct? Percentage change in:
A. price level approximates percentage change in real income minus percentage change in nominal income. B. real income approximates percentage change in nominal income minus percentage change in price level. C. nominal income approximates percentage change in price level minus percentage change in real income. D. real income approximates percentage change in price level minus percentage change in nominal income.