In a market-based economy, only the government can reduce economic uncertainty.
Answer the following statement true (T) or false (F)
False
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In the balance of payments, a deficit item is any transaction
A) that leads to a receipt by a resident of a country or its government. B) that leads to a payment by a resident of a country or its government. C) that is an export of a good or service. D) that makes residents of a country worse off.
Interest rate volatility is a problem because:
A. it decreases risk. B. financial decisions become less difficult when interest rates are more volatile. C. it can impact productivity in a positive way. D. it adds to uncertainty, thereby diminishing the investment.
Given that there are significant economies of scale involved in making flat screen television sets, the cost of manufacturing a flat screen television set most likely will:
A. rise as the industry matures. B. fall as the industry matures. C. rise whether the industry matures or not. D. remain the same as the industry matures.
Generally, specialization leads to
A) constant opportunity costs. B) greater productivity. C) reductions in people's skill levels. D) greater self-reliance.