If domestic saving is greater than domestic investment, then a country will have a ________ and positive net capital ________.
A. trade deficit; inflows
B. trade surplus; outflows
C. trade deficit; outflows
D. trade surplus; inflows
Answer: B
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A firm enters into a consent decree to avoid an even greater legal setback. If the terms of the consent decree effectively double the firm's fixed costs, then
a. marginal cost more than doubles b. marginal cost doubles c. marginal cost remains unchanged d. average total cost remains unchanged e. average variable cost doubles
What is the biggest obstacle to successful economic growth in very low income countries?
a. lack of education b. poor health and limited health care facilities c. high political instability d. lack of technology
Suppose that when price is $10, quantity supplied is 20 . When price is $6, quantity supplied is 12 . The price elasticity of supply is
a. 0.2 b. 0.5 c. 1.0 d. 1.5 e. 2.0
A rightward shift of the investment demand curve will:
A. Shift the investment schedule downward B. Shift the investment schedule upward C. Decrease the quantity of investment D. Decrease the real rate of interest