If in the economy, business saving equals $240 billion, household saving equals $15 billion and government saving equals -$150 billion, what is the value of national saving?
A. $265 billion
B. $250 billion
C. $105 billion
D. $415 billion
Answer: C
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Which of the following is an example of an economic investment?
A. Purchasing shares of a mutual fund B. Putting money in a bank CD C. Buying a corporate bond or stock D. Building a new bank office
In economics, normative statements are about
A) the way things ought to be. B) the way things are. C) marginal benefits, not marginal costs. D) marginal costs, not marginal benefits.
Which of the following statements about fiscal policy and time lags is most likely correct?
a. The time lag for fiscal policy is typically longer than the time lag for monetary policy. b. The time lag for fiscal policy is typically shorter than the time lag for monetary policy. c. The time lag for fiscal policy is typically about the same as the time lag for monetary policy. d. The time lag for fiscal policy is typically exactly the same as the time lag for monetary policy.
Most trading nations do not completely specialize. Incomplete specialization is mainly due to:
a. decreasing opportunity costs. b. increasing opportunity costs. c. constant opportunity costs. d. perfectly substitutable resources.