The term excess capacity refers to the fact that a firm produces a lower quantity than it would if it operated at the efficient scale
a. True
b. False
Indicate whether the statement is true or false
True
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In the United States in 2013, the Bureau of Economic Analysis began counting spending on research and development as ________, which counts as a part of GDP
A) intermediate goods B) investment C) consumption D) depreciation
The largest quota subscriber of the International Monetary Fund (IMF) is
A) Japan. B) Germany. C) the United States. D) China.
A mistake is a choice that:
A. the choice architect creates that has unintended consequences. B. the chooser later regrets. C. society as a whole, but not necessarily the chooser, is left worse-off once it's made. D. policymakers think choosers should not make.
If there is an outward shift in U.S. demand for French goods, the result will be
A) a decrease in the dollar price of a euro. B) an inward shift in French demand for U.S. goods. C) a decrease in euros traded. D) an increase in the dollar price of a euro.