From 2004 to 2006, the European Union budget was ________, private saving was ________ domestic investment, and foreign lending ________
A) balanced, roughly equal to, negligible
B) balanced, less than, substantial.
C) surplus, greater than, negligible
D) in deficit, greater than, negligible
D
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Which of the following is NOT a positive statement?
A) The unemployment rate is 5.8 percent. B) The inflation rate for 2002 was 2.3 percent. C) The national debt is too high. D) The federal government budget for 2004 is $2.2 trillion.
According to the accompanying table, Martha has the absolute advantage in making: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. both pies and cakes. B. pies. C. neither pies nor cakes. D. cakes.
Which of the following describes the market for capital?
a. Supply is not affected by changes in price. b. Demand is not influenced by price changes. c. The market is subject to the laws of supply and demand. d. Price is not affected by supply or demand.
What is the opportunity cost of investing $10,000 of your own money into a business you wish to start?
What will be an ideal response?