If the personal savings rate rose to 10%
A. our current account deficit would probably fall.
B. our current account deficit would probably rise.
C. our current account deficit would be unaffected.
A. our current account deficit would probably fall.
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The above figure shows the production possibility frontier for an economy. The point or points that are attainable and production efficient are
A) points B and C. B) points A, B, and C. C) point E. D) points A, B, C, and D. E) points A and D.
With a human capital investment (such as the investment in going to college), the most important cost tends to be
A) foregone leisure. B) books and equipment. C) the opportunity cost of not working. D) taxes.
Suppose the real exchange rate of 115 Japanese yen to the dollar changes to 105 yen to the dollar. In this situation, the dollar has __________, making Japanese goods __________ expensive for Americans
A) appreciated; less B) appreciated; more C) depreciated; less D) depreciated; more
Institutional constraints, such as immigration policies, affect the shape and location of the labor supply curve.
Answer the following statement true (T) or false (F)