Which of the following is a problem with the price system that can lead to a breakdown in the coordination of economic activity?
A) Prices can be slow to adjust.
B) The price system works silently in the background.
C) Prices may be flexible.
D) all of the above
A
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An increase in the government budget deficit will not lead to a current account deficit if domestic investment declines
Indicate whether the statement is true or false
If bananas were used as money, which of the following functions of money would be the hardest for bananas to satisfy?
A) unit of account B) store of value C) divisibility D) medium of exchange
Both the social sciences and the natural sciences employ ________ to help them understand the world around them.
A. implications B. models C. experiments D. traditional thinking
If a country has a trade surplus of $60 billion, which of the following can be true?
A. The country's exports are $160 billion, and its imports are $60 billion. B. The country's exports are $180 billion, and its imports are $120 billion. C. The country's exports are $110 billion, and its imports are $190 billion. D. The country's exports are $120 billion, and its imports are $180 billion.