The most common provider of public goods is the private sector.

Indicate whether the statement is true or false.


Ans: False.

Economics

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In the aggregate expenditures model, if aggregate expenditures (AE) equal $4 trillion and GDP equals $3 trillion, then:

a. inventory depletion equals ?$1 trillion. b. inventory accumulation equals $1 trillion. c. investment equals ?$1 trillion. d. investment equals $1 trillion.

Economics

Which of the following is not a form of money?

a. checkable deposits b. travelers' checks c. currency d. credit cards

Economics

Which of the following statements is true?

A. Because the cost of labor used on farms is so high, the United States exports very little of its wheat, rice and corn crops. B. Imports and exports account for over one-half of the GDP of Belgium. C. Japan is more dependent on foreign trade than is the United States. D. France is the leading exporting country, accounting for 10 percent of total world exports.

Economics

Although Denmark currently pegs its krona to the euro successfully, it has not joined the currency union. All of the following are reasons, EXCEPT:

A) with a peg, the Danish monetary authority has the option to exercise control over the exchange rate in the future if needed. B) Denmark has an additional option to abandon its peg to the euro if required to maintain stability. C) Denmark has the option to conduct monetary policy if it chooses. D) if Denmark gave up its krona and adopted the euro, it could always easily go back to the krona if needed to preserve monetary autonomy.

Economics