Refer to the above figure. If real GDP is $4 trillion, then
A) actual investment spending equals $1 trillion as planned investment spending plus unplanned inventory increases equal $1 trillion.
B) consumption expenditures are too low.
C) unplanned inventories will decrease.
D) unplanned inventories will increase.
D
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Environmental standards can be specified as
a. ambient standards d. all of the above b. performance-based standards e. (a) and (b) only c. technology-based standards
Which of the following refers to the capture hypothesis of regulation?
A) the ability of the government to capture monopoly profits B) the control of regulatory agencies by firms in an industry C) consumer cost savings captured through regulation D) horizontal mergers
Which statement is true?
A. Compared with citizens of other industrialized countries, Americans are not as heavily taxed. B. Public goods are usually not provided by private enterprise because they would not be profitable. C. Public education is traditionally funded largely by local property taxes. D. All the choices.
Refer to the data. The value for W is:
A. 15.
B. 20.
C. 25.
D. 30.