Saving is a leakage in the sense that
a. saving is lost to the economy and ultimately leads to stagnation.
b. the financial system often makes negative profits.
c. it often accompanies a trade deficit.
d. consumers spend less than their total income.
d
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The U.S. experience with expansionary measures from 1930 to 1945
a. repudiated the pump-priming theory. b. verified the pump-priming theory. c. repudiated the multiplier theory. d. repudiated the deficit-spending theory.
Refer to the accompanying figure. If this restaurant goes from producing 20 to 25 pizzas per hour, then which of the following statements is true?
A. It has to give up exactly 25 salads. B. It has to give up exactly 12.5 salads. C. It has to give up more than 12.5 salads. D. It has to give up fewer than 12.5 salads.
Recall the Application about the costs involved in opening a restaurant to answer the following question(s).Recall the Application. The $45,000 franchise fee that you would pay to Sonic (the owner of the Sonic Drive-In brand) is considered:
A. a variable cost. B. part of the marginal cost. C. part of the marginal revenue. D. a fixed cost.
In the specific factors model, the effects of trade on welfare overall are ________ and for fixed factors used to produce the exported good they are ________
A) positive; positive B) negative; positive C) positive; negative D) ambiguous; positive E) positive; ambiguous