The debt-to-GDP ratio decreases when the primary deficit ________ or when seigniorage ________
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
C
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Iceland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Lavaland can produce 16 units of food per year or 8 units of clothing. Which of the following is true? a. Iceland has an absolute advantage, but not a comparative advantage in producing food. b. Iceland has a comparative advantage, but not an absolute advantage in producing food. c
Lavaland has both a comparative and absolute advantage in producing clothing. d. Lavaland has a comparative advantage, but not an absolute advantage in producing clothing.
Which of the following would NOT be included in this year's GDP?
If the demand for labor decreases and the supply of labor is unchanged, then the opportunity cost of leisure will decrease
a. True b. False Indicate whether the statement is true or false
Refer to Game Matrix III. In this game,
Game Matrix III
The following questions refer to the game matrix below. Each firm has a choice of advertising, Ads, or not advertising, No ad. The profits each gets depend upon which it chooses.
a. Firm A's dominant strategy is to advertise.
b. Firm A's dominant strategy is not to advertise.
c. Firm B's dominant strategy is to advertise.
d. Firm B has no dominant strategy.