Based on the Saving-Investment Diagram, the difference between values H and E could measure the net capital inflow, if ________
A) the difference between values H and D measures the trade surplus
B) the domestic real interest rate is indicated by A
C) desired saving has increased
D) desired investment has decreased
E) none of the above
C
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How do governments use spending and taxation to reduce inequality and poverty in an economy?
What will be an ideal response?
The Solow residual is a measure of
A) average labor productivity. B) average capital productivity. C) total factor productivity. D) the rate of growth of real GDP.
The figure below shows an individual's demand for items from a warehouse club. All of the people who shop at the warehouse club have the same demand. If the managers use two-part pricing, the membership fee (the access fee) is ________ and the price per item (the user fee) is ________ .
A) $80; $6 per unit
B) $60; $6 per unit
C) $40; $10 per unit
D) $20; $10 per unit
If a good has a price elasticity of demand coefficient greater than 1, total revenue can be increased by raising the price
a. True b. False Indicate whether the statement is true or false