Which of the following is not a component of the aggregate expenditures of a country?
a. Investment
b. Government spending
c. Net exports
d. Consumption
e. Transfer payments
e
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If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries
a. True b. False Indicate whether the statement is true or false
The Council of Economic Advisers' Economic Report of the President discusses recent developments in the economy and presents the council's analysis of current policy issues
a. True b. False Indicate whether the statement is true or false
The development of pay-per-view technology:
A. converted a collective good into a private good. B. has made all consumers worse off. C. allows consumers to see movies that were previously unavailable for several years. D. converted a pure public good into a collective good.
A firm that is earning positive profits in the short run has an incentive to ________ its scale of operation in the long run.
A. encourage another firm to expand B. expand C. contract D. not change