Which of the following is not an example of a government purchase?
a. Salaries of teachers in public schools
b. Chinese toys to be sold in stores
c. Purchase of military aircrafts
d. Construction of an interstate highway
e. Building a public school
b
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The supply of product X is inelastic (but not perfectly inelastic) if
A. an 8% increase in price generates an 8% increase in quantity supplied. B. a 10% decrease in price does not affect quantity supplied. C. a 7% decrease in price generates a 5% decrease in quantity supplied. D. a 5% increase in price generates a 7% increase in quantity supplied.
Historically, the leading official reserve asset was
A) gold. B) the U.S. dollar. C) the British pound. D) the German mark.
For a given price level, the aggregate expenditure line relates unplanned spending to the level of government investment in the economy
Indicate whether the statement is true or false
Historical evidence supports which of the following claims? econ
A. Aid from developed countries to less developed countries has not always resulted in sustained growth for the less developed countries. B. Only the less developed countries that have received aid from the wealthy countries have succeeded in achieving sustained growth. C. Sending financial resources to developing countries has helped them all achieve sustained growth.Building capital in the developing countries has helped them all achieve sustained growth. D. Developed countries should not send any more aid to less developed countries because the effort has never resulted in sustained growth.